The UK is forecast to continue to have one of the highest inflation rates among OECD countries, behind only Argentina and Turkey, with a 6.9% average for this year.
London, Thanasis Gavos
Growth rate of 0.3% provides for the United Kingdom for the current year o OECD in his new report, a forecast that is a marginal improvement over previous estimates.
For 2024 the rate of economic growth is estimated at 1%.
However, the UK is forecast to continue to have one of the highest inflation rates among OECD countries, behind only Argentina and Turkey, with a 6.9% average for this year.
As far as economic growth is concerned, the report points to some “significant risks”, such as the high cost of interest on public debt and the recent reduction in the maturity of that debt.
But also in the area of ​​inflation, the OECD notes that there are worrying signs. For example, the percentage of products included in the CPI “basket” that have increased by more than 5% in cost in a year is close to 35%, compared to rates below 30% in the Eurozone, the US, Canada and in Japan.
Source: Skai
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