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UK's economic growth forecasts downgraded by OECD

express.co.uk —

The OECD has downgraded the UK's economic growth forecasts for 2025 and 2026, reducing expectations from 1.7% to 1.4% and from 1.3% to 1.2%, respectively. This follows concerns over rising prices linked to trade tensions. Chancellor Rachel Reeves faces criticism for her Autumn Budget, which is seen as contributing to the economic slowdown. The upcoming tax increases in April are expected to further strain families and businesses. Reeves attributed the downgrade to global challenges, including new tariffs from the U.S. under Donald Trump. The OECD warned that these trade barriers could negatively impact living standards and economic growth across multiple countries.

With a significance score of 2.7, this news ranks in the top 29% of today's 17702 analyzed articles.

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Timeline:

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    [2.8]
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    [2.7]
    OECD cuts UK growth forecasts, pressuring Chancellor Reeves (dailymail.co.uk)
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    [3.4]
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    [3.8]
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    [4.1]
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    [3.6]
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    [3.7]
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    [3.2]
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    [3.7]
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    [2.8]
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