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Real GDP in the UK grew by 0.7% in Q2 2016 compared with the previous quarter. In the same quarter, the Eurozone growth of 0.3%, while the US saw growth of 0.4%.
On 21 September, the OECD raised its 2016 GDP growth forecast for the UK slightly from 1.7% (at the time of the last forecast in June) to 1.8% but lowered its 2017 forecast from 2.0% to 1.0% citing the UK’s decision to leave the EU as the reason for its downgrade.
Commons Briefing papers SN02784
Author: Daniel Harari