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Evening Standard
Evening Standard
Anna Wise

UK gets biggest cut to growth outlook this year among world’s major economies

United Kingdom OECD G20 Rachel Reeves Inflation G7 Mel Stride Economic Growth Iran Economy
It puts the UK at second lowest in the G7 in terms of economic growth this year, behind only Italy (Aaron Chown/PA) - (PA Wire)

The UK is facing the biggest hit to economic growth out of the world’s most advanced economies because of a spike in energy prices caused by war in the Middle East, new forecasts show.

The Organisation of Economic Cooperation and Development (OECD) published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

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