UK will be worst-performing G7 economy in 2025, OECD forecasts – POLITICO

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The U.K. will be the worst performing G7 economy next year as high interest rates and restrictive fiscal policy hampers medium to long-term economic growth, the Organisation for Economic Cooperation and Development (OECD) has predicted. 

In its annual assessment of the U.K. economy, published Thursday, the OECD slashed its U.K. growth outlook for GDP to 0.4 percent this year and 1 percent in 2025. This is down from 0.7 percent and 1.2 percent respectively from its last prediction in March. 

As such, the predictions show the U.K. is set to be the slowest growing economy in the G7 group of countries next year and the second worst this year, behind Germany. 

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