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World

Will Britain ever escape the low growth trap?

2 May 2024

9:38 PM

2 May 2024

9:38 PM

The Organisation for Economic Cooperation and Development’s (OECD) latest report, published this morning, downgrades Britain’s growth prospects this year: from 0.7 per cent (forecast in November last year) to 0.4 per cent. Based on the OECD’s Economic Outlook, Britain and Germany risk experiencing the least growth amongst advanced economies, with Germany coming last this year (with 0.2

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