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Real GDP in the UK grew by 0.3% in Q2 2017 compared with the previous quarter, the slowest in the G7. The US economy saw growth of 0.8%, while the Eurozone grew by 0.6%.
On 20 September, the OECD released new forecasts, with GDP growth projections for the UK unchanged at 1.6% in 2017 and 1.0% in 2018. Eurozone growth forecasts were upgraded to 2.1% in 2017 (from 1.8% in June) and 1.9% in 2018 (from 1.8%).
Commons Briefing papers SN02784
Author: Daniel Harari