The UK’s GDP growth will drop from 1.6% this year to 1% next year, in line with the OECD’s previous forecast, but Italy’s national income will grow by 1.2% next year, up 0.4 percentage points from the forecast in the June. Germany and France will enjoy growth rates of 2.1% and 1.6% respectively in line with a bounce-back in activity across the eurozone. Global GDP growth is projected to increase to about 3.5% in 2017 and 3.7% in 2018 from 3% in 2016, slightly improved since the organisation’s last economic outlook. It said: “The recovery of business investment and trade remains weaker than needed to sustain healthy productivity growth. “Structural efforts need to be intensified to bolster the nascent investment recovery, to address slow productivity growth and to ensure the recovery yields benefits for all.

Source: The Guardian September 20, 2017 09:00 UTC