OECD cuts UK growth forecasts as Reeves readies budget update

OECD cuts UK growth forecasts amid Trump tariff disruption

Chancellor Reeves says projection points to increased global headwinds ‘being felt across the board’

The OECD's growth downgrade is yet another headache for Reeves

Though the OECD still sees Britain growing, the downgrade will add to growing fears that we could be heading for recession.

Only Mexico is even worse off: the OECD is significantly reducing its growth forecast for the German economy. Even for the world economy, it does not look too good - which is related to Trump's trade policy.

German growth forecast cut in half despite imminent budget boost

Germany's GDP will expand by just 0.2% this year, the Munich-based Ifo Institute predicted today, below the 0.4% growth forecast in January.

UK's economy downgraded days before Spring Statement in huge blow for Reeves

RACHEL Reeves received a blow just days out from her Spring Statement after the UK economy was downgraded.Britain has been caught up in the tailwinds

UK economy takes major hit as growth forecast slashed after Trump’s trade war sparks global downturn

Britons have been warned of a ‘significant impact on living standards’ as Donald Trump’s escalating trade war puts the UK economy under pressure, driving up prices and threatening growth.Experts have slashed the UK’s economic forecast, warning that rising tariffs and global trade tensions could weaken consumer spending, fuel inflation, and slow down job creation.The downgrades come as Trump's new tariffs on imports from Canada, Mexico and China …