But it said global trade growth was already “exceptionally weak” and jobs would suffer if politicians rolled back the clock on trade liberalisation. It nudged up its forecasts for UK growth next year but still predicted the weakest performance since the recession and a further slowdown in 2018. OECD researchers analysed global growth prospects under different trade conditions and forecast a significant blow from rolling back the trade liberalisation seen over the last 15 years. Facebook Twitter Pinterest OECD growth forecasts, November 2016 Photograph: OECDAt its last forecasts in September, the OECD backtracked on its earlier warning that the UK would suffer instant damage from the Brexit vote. In this new outlook, the thinktank forecast UK GDP would have grown 2.0% this year, a touch higher than the 1.8% it predicted in September.

Source: The Guardian November 28, 2016 10:00 UTC