Uk Economy 2024 Forecast Bbc. The uk economy will grow much more slowly than expected in the next two years as inflation takes longer to fall, the government's forecaster says. Inflation, or the rate of rising prices, was at 2.2% in the year to august, according to the office for national statistics.
โ the think tank predicts uk inflation will fall to 2.9% in 2024. It is set to rise by 2.7% this year and 2.4% next year, the oecd.