Forecasts indicate that the UK economy would grow at the weakest rate among the major developed nations in 2019.
The UK gross domestic product, which is a crucial indicator of the state of the economy, is expected to increase by 1% in 2025, according to the Organization for Economic Co-operation and Development (OECD).
Comparing this to the other G7 countries—Canada, France, Germany, Italy, Japan, and the United States—it is lower.
The UK economy will be “sluggish” this year, according to the OECD, a worldwide renowned think group.
The organization attributed the sluggish performance to the fallout from a series of interest rate increases in the UK.
Additionally, it cautioned that certain aspects of inflation were still high and that the uncertainty about the timing of the Bank of England’s interest rate move might impact
