General · 2 April 2026
OECD Cuts UK Growth Forecast From 1.2% to 0.7%
Britain could be among the hardest hit economies in the G7 this year, according to the latest global outlook. The OECD downgraded its UK growth forecast to just 0.7%, citing disruption from the Strait of Hormuz and rising energy prices. The projections assume the energy crisis is temporary and eases from the middle of the year.
Reported by Primary Finance Group · How we write briefs