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The UK economy will continue to lag behind other countries in the G7 group of advanced economies this year, despite improved growth projections, new analysis has shown. As PA Media reports, only Germany, which fell into a recession over the start of the year and is set to stagnate throughout 2023, will perform worse than the UK. PA says:
Analysis from the Organisation for Economic Co-operation and Development (OECD) forecast that the UK’s economy will just about eke out growth this year.
It expects GDP to edge up by 0.3% before improving moderately to 1% growth in 2024.
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