UK economic growth will lag behind the eurozone next year, and inflationary will remain stubbornly high, according to new projections that paint a bleak backdrop for the next general election.
Gross domestic product is expected to grow by 0.6% in 2024, much lower than the 1% increase predicted in the euro area. monthly survey by Bloomberg economists show. The UK figure was revised down 0.3 percentage points from the previous reading, the biggest change in the poll. This year could yield a meager 0.2% growth.