UK economy to grow faster than Japan, Italy and Germany this year, says OECD

The OECD describes the UK’s economic growth as robust and says the global economy is ‘turning a corner’. Photograph: Neil Hall/EPA

The global economy is “turning a corner”, according to the Organisation for Economic Cooperation and Development, which has upgraded the UK’s growth forecast for this year to faster than that of Japan, Italy and Germany.

The OECD’s latest outlook ranked Britain joint second among the G7 developed countries in its latest outlook for the world economy. However, the UK is still expected to have the highest inflation in the group.