OECD Trims UK Growth Outlook as Budget Tensions Build

OECD cuts 2027 UK growth forecast to 1%, down from 1.1%, while upgrading this year's outlook to 1.1% from 0.9%. The downgrade reflects prolonged Middle East conflict impacts and higher energy costs.

Behind the Data

The Organisation for Economic Co-operation and Development credits "solid" Q2 demand for keeping the UK resilient, but warns persistent oil price shocks and climate-related disruptions will drag on future activity. Inflation is now expected to average...