In a recent update released by the National Institute of Economic and Social Research (NIESR), the United Kingdom's economy has shown no signs of movement, with the Monthly GDP Tracker indicating a 0.0% change for December 2024. This marks the second consecutive month of stagnant economic growth, with the November figure also recording a flat 0.0%.
The data, updated on January 16, 2025, suggests that the UK economy is currently facing a period of stagnation, as no growth was observed during the festive and year-end period. This flat performance echoes concerns about continued challenges facing the UK economy, including post-Brexit adjustments and global economic shifts.
Economists and policymakers will be closely monitoring the forthcoming data to assess any potential signs of recovery or further stagnation, as strategic decisions and policy adjustments may be necessary to stimulate growth in upcoming months. Stakeholders within the business community are keenly anticipating measures that could help rejuvenate economic momentum in 2025.
