OECD: UK worst-performing economy in G7 next year

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UK Economy News

UK Inflation

LONDON, May 3 ― The UK will be the worst-performing economy among the G7 next year because of lingering inflation and stubbornly high interest rates, said the Organisation for...

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Wan Fayhsal: Kor Ming’s claim RM5.21m KKB allocation is ‘good feng shui’ an insult to the public’s intelligence The Paris-based think-tank has projected that UK growth will crawl at a meagre 0.4 per cent this year as opposed to the November forecast of 0.7 per cent. The OECD said persistent inflation in the services sector, coupled with a skilled labour shortage will likely delay any expected UK interest rate cuts.

 

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