Peterson Institute: UK economy to decline in 2023 and 2024 as US and eurozone grow

US and European GDP set to grow

Valeria Martinez
clock • 2 min read

The UK economy is set to shrink both this year and in 2024, while the US and euro area will see subdued growth, according to the Peterson Institute for International Economics (PIIE).

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK government borrowing rises to nearly a third above OBR forecast
UK

UK government borrowing rises to nearly a third above OBR forecast

ONS data

clock 19 June 2026 • 3 min read
Bank of England holds rates at 3.75% for fourth consecutive time
UK

Bank of England holds rates at 3.75% for fourth consecutive time

Energy shock impact still unclear

Michael Nelson
clock 18 June 2026 • 2 min read
Chances of interest rate hike 'diminished' as UK inflation steady at 2.8%
UK

Chances of interest rate hike 'diminished' as UK inflation steady at 2.8%

BoE meeting on Thursday (18 June)

Michael Nelson
clock 17 June 2026 • 2 min read
Trustpilot