Analyst considers impact of recession news on UK retail

Data from the Office for National Statistics published this morning (15 February) shows that the UK officially exited 2023 in recession with economic growth in December, leading to a second quarter of negative growth. In response, Forrester principal forecast analyst Jitender Miglani has commented on how this will specifically impact the retail market in the UK. “The UK’s real GDP growth was nearly flat in 2023, and we expect the same in 2024. The slightly