UK to be second worst performing economy in G20

The UK will be the second worst-performing economy in the G20 next year, according to the Organisation for Economic Co-operation and Development. The OECD downgraded its UK growth projection from 1% to 0.8% and raised its inflation forecast to 7.3% in its latest interim forecast. The puts it on course to be the second worst economy in the G20 grouping after Argentina, which is projected to contract by 1.2%, and match the 0.8% growth forecast for Italy. The British economy is set to expand by 0.3% this year, unchanged from a previous forecast in June and the second slowest in the G20 after Germany. The Times (£)