UK set for slowest growth in G7 as Ukraine war hits global economy


However, subsequent 12 months, the UK is predicted to have the slowest growth in the G7 and throughout Europe’s fundamental economies, at simply 1.2%, a close to halving from the two.3% anticipated beforehand. The 2023 UK determine is the slowest other than heavily-sanctioned Russia in the broader G20 grouping, which incorporates nations such as China and India.

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