Uk Recession 2024 Predictions. The three promoted teams went straight back down last term, but there is reason to believe thi… Uk interest rates should be cut to 3.5% by the end of next year, the international monetary fund (imf) has recommended.

The latest official figures suggest the uk’s economy stalled and then slipped into reverse over the summer, raising the risk that it edged into recession at the end of 2023. And global recession in 2024 has hit 35%, up from their 25% midyear estimate.