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Real GDP in the UK grew by 0.4% in Q3 2017 compared with the previous quarter. The US economy saw growth of 0.8%, while the Eurozone continued its run of relatively strong growth at 0.6%.
On 28 November the OECD raised its 2018 GDP growth forecast for the UK to 1.2% from 1.0% in the previous September forecasts, (their 2017 UK growth forecast is at 1.5%). However, the OECD notes that it expects economic growth continues to weaken from year to year.
Commons Briefing papers SN02784
Author: Daniel Harari