The UK economy will contract more than any other G-7 nation next year, according to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD).
The OECD expects the UK economy to shrink by 0.4 percent in 2023 and grow by just 0.2 percent in 2024.
Germany is the only other G-7 country set to see a contraction in GDP next year, with a 0.3 percent drop, according to the report.
Italy will see only paltry growth of 0.2 percent, while the United States will eke out 0.5 percent expansion, with GDP set to rise by 0.6 percent in France, 1 percent in Canada, and 1.8 percent in Japan….