Economy
UK economy to grow 1.1% in 2024, EY finds
According to its latest forecast, this economic momentum is expected to accelerate even further next year, with 2% GDP growth expected in 2025 and in 2026
UK GDP is predicted to grow by 1.1% this year, faster than previous expectations, after the economy welcomed a “stronger-than-expected” start to 2024, the latest EY ITEM Club Summer Forecast has found.The Big Four firm said the figure marks a “significant” upgrade from the 0.7% rise predicted in April’s Spring Forecast, and the 0.1% GDP growth seen in 2023.
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