UK Outlook – February 2024

With inflation set to decline further this year, economic activity is projected to pick up gradually driven by a recovery in consumer spending – with GDP growth of 0.4% for the year as a whole. Growth should strengthen further in 2025, to about 1.2% on an annual basis, while unemployment will remain relatively low this year and next.

Download the UK infographic here:

Bank of Ireland_UK Outlook_February 2024