UK economy to grow 0.9% this year but outlook cut for 2027 – OECD

The UK economy is predicted to grow by 0.9% this year (Victoria Jones/PA) - (PA Archive)

The UK economy is set for stronger growth than previously expected this year but saw its outlook cut for 2027 amid concerns over the continued impact from the war in Iran, new forecasts have shown.

The Organisation of Economic Co-operation and Development (OECD) warned the conflict is uncertain but “its economic consequences are likely to be felt for some time even after its resolution”.