Advertising Console

    OECD downgrades growth forecasts

    Repost
    PressTV

    by PressTV

    692
    9 views
    It was a blow from the most unlikely of quarters, the France-based OECD, usually an ally of the UK’s austerity policy downgrading the country’s growth forecast in its Interim Economic Assessment. Earlier this year, the influential think-tank had predicted growth rates of 0.5 for the UK. This news has come at a sensitive time for the government who would have been hoping for some much needed positivity to illustrate the wisdom of carrying on with the unpopular austerity program.