UK Economic Growth 'Robust': OECD Think Tank's Projections for 2023
Wednesday, 25 September 2024, 03:57
UK Economic Growth Outlook
The UK economic growth projection by the OECD has been deemed 'robust' as the country is expected to experience an increment in its growth forecast for this year. However, figures indicate that the UK is set to achieve only joint-fourth fastest growth in 2025 at 1.2%, trailing behind several other economies including Germany and Italy.
2023 Growth Predictions
- The OECD predicts a more favorable outlook for the UK economy
- Yet, the growth remains moderate compared to peers
- Challenging economic landscape continues to loom
Future Projections
Despite these advancements, additional projections indicate that the UK will still face substantial economic hurdles.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.