UK Growth Slashed, Inflation Soars Amid Middle East War
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
OECD cuts UK growth forecast due to Middle East war, citing energy price surge; UK now expected to grow by 0.7% in 2026, trailing only Italy in G7; inflation projected at 4% in 2026, second-highest in G7; investment experts warn of potential energy shortages and higher business costs; OECD urges central banks to monitor inflation and governments to promote energy efficiency and reduce fossil fuel imports.
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