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Evening Standard

Business

Henry Saker-Clark

UK growth downgraded as global economy dragged by Trump trade wars

OECD United Kingdom Economy Donald Trump United States

The UK economy is set to grow at a slower rate than previous forecast (Victoria Jones/PA) - (PA Wire)

UK economic forecasts have been downgraded for the next two years as trade tensions linked to US President Donald Trump’s tariff plans hit the global economy, according to a new report.

The Organisation of Economic Cooperation and Development (OECD) has also cut its projections for global growth in 2025 and 2026.

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