…By Judah Olanisebee for TDPel Media.
The Organisation for Economic Co-operation and Development (OECD) has made a significant upward revision to its growth predictions for the UK, stating that the country will not enter a recession this year as previously anticipated.
Only Germany, which recently experienced a recession and is expected to stagnate in 2023, is projected to fare worse.
However, weak household income growth, along with monetary tightening and persistent uncertainty, is likely to dampen consumption and hinder business investment.
Conclusion: