The OECD ranked Britain joint second among the G7 developed countries in its latest outlook for the world economy. However, the UK is still expected to have the group's highest inflation.
It described British economic growth as "robust", upgrading the 2024 figure to 1.1% from a forecast of 0.4% made in May, as the country recovers from a mild recession at the end of last year. The forecast of 1.2% growth in 2025 was maintained.
In the May forecast, the UK was behind all other nations in the bloc. Now it is on par with Canada and France but behind the US.
Britons are still expected to face headwinds from rising prices, with inflation, which was 2.2% in August, at 2.7% across 2024. UK inflation is on course to remain at 2.4% for 2025.
This story is from the September 26, 2024 edition of The Guardian.
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This story is from the September 26, 2024 edition of The Guardian.
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