The UK Office for Budget Responsibility (OBR) has revised its economic growth forecast for 2026 downward to 1.4%, according to a report by Reuters. This adjustment reflects ongoing uncertainties in the post-pandemic recovery and the impact of rising inflationary pressures on the British economy. The downgrade signals a more cautious outlook for the country’s medium-term economic prospects, raising concerns among policymakers and investors alike.
UK Office for Budget Responsibility Lowers Growth Outlook for 2026
The UK Office for Budget Responsibility (OBR) has revised its economic growth forecast for 2026 downwards to 1.4%, reflecting heightened concerns over several key economic pressures. This adjustment signals a notable slowdown compared to earlier projections, influenced by persistent inflationary trends and ongoing global uncertainties impacting trade and investment. Analysts suggest that this tempered outlook could influence fiscal policy decisions and government spending…
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Author : Charlotte Adams
Publish date : 2025-11-26 23:53:00
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