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World

Britain faces plenty of economic pain – even if it dodges a recession

8 June 2023

12:19 AM

8 June 2023

12:19 AM

The UK will narrowly avoid a formal recession this year. That’s the consensus that is emerging based on the current data. This morning’s Economic Outlook from the OECD – which forecasts 0.3 per cent growth in 2023 – reflects similar projections from the IMF’s latest update and the Office for Budget Responsibility, which have revised their figures upwards in recent months.

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