Rolling coverage of the latest economic and financial news
Newsflash: Britain’s economy will grow slower this year and next than previously thought, the Organisation for Economic Co-operation and Development has warned.
New OECD forecasts also show the UK will suffer higher inflation than its peers.
Global growth in 2023 continued at an annual rate above 3%, despite the drag exerted by tighter financial conditions and other adverse factors, including Russia’s war of aggression against Ukraine and the evolving conflict in the Middle East.
Global GDP growth is projected at 3.1% in 2024 and 3.2% in 2025, little changed from the 3.1% in 2023. This is weaker than seen in the decade before the global financial crisis, but close to currently estimated potential growth rates in both advanced and emerging market economies.
Continue reading…Rolling coverage of the latest economic and financial newsUS Federal Reserve holds interest rates steady as inflation ticks upNewsflash: Britain’s economy will grow slower this year and next than previously thought, the Organisation for Economic Co-operation and Development has warned.New OECD forecasts also show the UK will suffer higher inflation than its peers.Global growth in 2023 continued at an annual rate above 3%, despite the drag exerted by tighter financial conditions and other adverse factors, including Russia’s war of aggression against Ukraine and the evolving conflict in the Middle East.Global GDP growth is projected at 3.1% in 2024 and 3.2% in 2025, little changed from the 3.1% in 2023. This is weaker than seen in the decade before the global financial crisis, but close to currently estimated potential growth rates in both advanced and emerging market economies. Continue reading…
