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UK Growth Set to Slow in 2027, OECD Says
The OECD said UK inflation will ease to 2.6% next year, but higher energy prices and policy rates are expected to slow activity.
- The Organisation for Economic Co-operation and Development upgraded growth forecasts to 1.1% for 2026 but expects a slowdown to 1% next year amid global economic headwinds.
- Consumer price inflation reached 3.1% last month, with the Bank predicting a peak of around 4% in early 2027 as higher energy prices and "higher policy rate" drag on activity.
- Treasury minister Emma Reynolds noted the economy is showing "strong resilience" despite conflict in the Middle East and Europe, with families to "be supported by newly announced government support measures."
- The growth outlook presents challenges as Chancellor John Healey prepares his first Budget at the end of October, amid concerns over Andy Burnham's broader economic ambitions.
- Global economic risks remain elevated due to ongoing conflict in Iran and weather-related shocks, which could hit farmers and push up food prices next year.
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UK growth set to slow in 2027, OECD says
The UK economy will grow slower than expected next year as the effects of a long Iran war drag on activity, the world’s leading economic forecaster has said. The Organisation for Economic Co-operation and Development (OECD) predicted that the UK economy would grow by just one per cent next year, marginally down from a previous [...]
·London, United Kingdom
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Evening Standard+3 Reposted by 3 other sources
UK growth to slow next year after stronger-than-expected 2026, says OECD
The OECD also said UK inflation will be below previous forecasts this year but will then take longer than expected to fall back to target levels.
·London, United Kingdom
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Coverage Details
Total News Sources10
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
Factuality
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