OECD Slashes UK Growth Forecasts, Cites High Inflation Concerns

The OECD predicts sluggish growth for the UK economy, with inflation rates expected to exceed targets amid global economic challenges.

The OECD has revised its UK growth forecast downward, projecting a growth of 0.4% in 2024, lower than previous estimates.
High inflation rates in the UK are anticipated to continue, with a forecast of 2.7% in 2024, above the Bank of England's target.
Global economic resilience remains, with a projected growth of 3.1% in 2024, despite financial tightening and geopolitical tensions.
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