UK set for slower growth next year as economy lags behind G7 peers OECD
The UK economy is set for the second-slowest growth of the world’s G7 advanced economies, according to new forecasts. The Organisation for Economic Co-operation and Development (OECD) has reduced its forecast UK growth rate for 2024. Growth across the global economy has been stronger than expected but is beginning to slow as higher interest rates, weaker trade and lower business and consumer confidence take a toll, economists for the globally