UK will be worst performer in G7 next year, OECD forecasts

The OECD says any bounceback in GDP growth in 2025 will be modest, at about 1%. Photograph: Victoria Jones/PA

The UK will be the worst-performing economy in the G7 next year, according to the Organisation for Economic Cooperation and Development, as high interest rates and the lingering effects of last year’s surge in inflation drag on growth.

In a downbeat assessment, the Paris-based thinktank also downgraded its forecast for UK growth this year to 0.4% from a November forecast of 0.7%.