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Britain's economy set for ‘sluggish’ growth and likely to miss forecasts
Commuters battling strong winds in London Bridge, January 22, 2024
BRITAIN’S economy is set for “sluggish” growth over the next two years, with previous forecasts likely to be missed, economists warned today.
The Organisation for Economic Co-operation and Development (OECD) downgraded its British growth projections for 2024 and 2025, indicating that growth will be the weakest in the G7 group of major economies next year.
Global gross domestic product (GDP) is expected to increase by 3.1 per cent this year, as it did in 2023.
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