Rolling coverage of the latest economic and financial news
US Federal Reserve holds interest rates steady as inflation ticks up
The OECD’s forecasts suggest the UK will be the second-weakest growing advanced economy this year, and the slowest next year.
For 2024, Germany is expected to be the slowest G7 member with just 0.2% growth, behind the UK’s 0.4%, and Japan at 0.5%.
Developments continue to diverge across countries, with softer outcomes in many advanced economies, especially in Europe, offset by strong growth in the United States and many emerging market economies.
