As per OECD, UK Economy Would Be Growing At Slower Pace
UK economy would be growing at a slower pace as compared to the other advanced and emerging countries,OECD (The Organization for Economic Co-operation and Development ) said.
On the ground of the statement made by Mr. spring, OECD has raised its percentage of UK’s estimated growth from 1.2% to 1.3%, though it is still weakest in G20 countries.
The OECD further expressed its estimation that this year would show the fastest world growth since 2011 due to US tax cuts and spending in Germany.
Higher inflation in the UK along with weak business investments would squeeze household incomes.