UK Outperforms Germany and Japan in Economic Growth Forecasts: OECD

Published on September 25, 2024

The UK has outperformed several G7 nations in economic growth forecasts, yet it remains projected to have the highest inflation among the group, according to new report. The Organisation for Economic Co-operation and Development (OECD) now ranks Britain the joint second in growth predictions for 2024 among G7 nations, expecting 1.1 percent growth, alongside Canada and France but behind the Unites States. The interim report, published on Wednesday, also said that Britain’s economy will grow by 1.2 percent next year. The current forecast stands in contrast to the OECD’s previous analysis in May, which estimated growth of 0.4 and 1.0 percent for 2024 and 2025 respectively....

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