Uk Economy Shrinks 2024 Calendar. 'in december, consumers adopted the holding pattern we’ve seen for much of 2024,' said neil bellamy, consumer insights director at gfk. Britain's economy experienced a contraction of 0.1% in october, highlighting the significant challenge faced by labour in stimulating economic growth.
It marked the country’s second consecutive economic downturn, following a 0.1% gdp decline in september. ‘in december, consumers adopted the holding pattern we’ve seen for much of 2024,’ said neil bellamy, consumer insights director at gfk.