Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

UK economic growth to tumble, predicts OECD

UK economic growth to tumble, predicts OECD
Copyright 
By Euronews
Published on
Share Comments
Share Close Button

The UK’s economic growth will dip this year before dropping sharply in 2018, according to the Organisation for Economic Cooperation and Development.

Forecasters at the group predicted growth will dip to 1.6% in 2017 before falling further to 1% the folllowing year. The latter figure would make the UK one of the poorest-performing of the major economies, ahead only of Italy.

Unemployment is expected to rise as companies cut back investment amid uncertainty about future relations with the European Union and lower profit margins.

Go to accessibility shortcuts
Share Comments

Read more

UK and Norway form naval alliance to protect undersea cables and hunt Russian submarines

Russia's president 'morally responsible' for UK Novichok death, inquiry finds

China slams UK for delaying decision again on massive new London mega embassy