OECD cuts its British economic growth forecast to 0.4% for 2024 from 0.7% in February, with UK growth expected to rise to 1.0% in 2025. Britain's economy to grow slower than France or Germany.
Global GDP growth projected at 3.1% in 2024 and 3.2% in 2025, resilient despite challenges like Russia's aggression against Ukraine. Weaker growth compared to pre-financial crisis.
Fed's recent meeting outcome less hawkish than expected, maintaining its stance on inflation. The Fed affirms its bias towards supporting economic growth.
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