Economic news

Britain to become weakest economy in G7 - OECD

Political uncertainty due to Brexit is causing UK to miss a global growth, as rising inflation eats into households’ disposable income, the Organisation for Economic Co-operation and Development reported.

The OECD cut its 2017 growth outlook for the UK to 1.5% from a 1.6% estimate made in September, making Britain the most sluggish economy among the G7 countries.

The main risk for the economy is the uncertainty over the departure process from the European Union, which could restrain personal expenditure more than predicted.

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