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OECD Warns UK Growth to Slow to 1% in 2026 as Trump Tariffs Take Toll
- The OECD forecasted that UK GDP growth will slow to 1.3% in 2025 and further to 1.0% in 2026 due to economic pressures in 2025.
- The slowdown stems from the OECD cutting its UK growth forecast from March because of damage caused by Donald Trump's tariff war and related trade tensions.
- Higher trade costs caused by tariff increases are expected to raise inflation, although weaker commodity prices may partially offset this effect.
- The OECD also notes that similar growth slowdowns will concentrate in the US, Canada, and Mexico, while China faces smaller downward adjustments in 2025 and 2026.
- This revised outlook implies that sustained trade barriers, tighter financial conditions, and reduced confidence could further hinder global and UK economic growth prospects.
21 Articles
21 Articles
Debt and trade issues weaken UK growth, OECD says
1 hour agoShareSaveDearbail Jordan and Mitchell LabiakBusiness reporters, BBC NewsShareSaveGetty ImagesUK economic growth will suffer because of US tariff barriers and high interest payments on government debt, an influential global policy group has said.The Organization for Economic Co-operation and Development (OECD) cut its expectations for UK growth this year to 1.3% from the 1.4% it had predicted in March.The think tank has cut forecasts gl…
Starmer Growth Pledge at Risk as OECD Downgrades UK Forecast
The OECD has downgraded its forecasts for UK growth in its latest outlook report today. It now predicts 1.3% this year and 1% in 2026… That’s down from the last forecast of 1.4% this year and 1.2% next year. According to the OECD trade uncertainty is mostly to blame and so is “uncertainty on business sentiment and consumer confidence” which will “significantly weigh on growth.”[…] Read the rest
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