Is Uk Heading For Recession 2025. The bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. But the uk may already be back in a technical recession in terms of output per head, which fell by 0.2% in the third quarter of 2024 and was set to dip again in the fourth.
Just 12 months ago, the uk’s economy was experiencing a steady recovery. But the uk may already be back in a technical recession in terms of output per head, which fell by 0.2% in the third quarter of 2024 and was set to dip again in the fourth.
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