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The Independent UK
The Independent UK
National
Ben Chapman

UK on brink of recession and will fall behind all major economies except Russia, OECD warns

OECD G20 United Kingdom Economy Russia United States Inflation Britain
EPA

Britain is on the brink of a painful recession as prices continue to rise rapidly and the economy records zero growth next year, according to new analysis.

The Organisation for Economic Co-operation and Development (OECD) predicted that the UK will be the worst-performing economy of any nation in the developed world apart from Russia in 2023.

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