Uk Economy Growth Rate 2024. Economy this year, up from its july forecast of 0.7%, and reiterated a forecast for 1.5% expansion in 2025. Gdp growth rate in the united kingdom averaged 0.58 percent from 1955 until 2024, reaching.

However, the uk is projected to grow faster than the eurozone, narrowing the gap that has widened since 2019. Gradual fiscal consolidation is required over the short term to support the return of inflation to target and rebuild fiscal space, following.