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The Independent UK

Business

Holly Williams

UK and global growth forecasts cut amid warnings over Trump’s trade war

OECD Donald Trump United Kingdom Inflation Rachel Reeves United States

US President Donald Trump has sparked trade tensions (PA) - (PA Wire)

The UK’s economic forecast has been slashed amid downgrades for the wider global outlook as experts warned over a hit to world growth and rising inflation sparked by the mounting trade war.

The Organisation for Economic Co-operation and Development (OECD) cut its predictions for UK growth to 1.4% in 2025 and 1.2% in 2026, down from 1.7% and 1.3% in its previous predictions.

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