#economic-forecasts

#economic-forecasts

Starmer emphasized that some figures concerning the public finances, particularly the projected shortfall, are not recognized by him and indicated a need to prioritize living standards.

"If current trends hold, average global growth for the 2020s would reach just 2.5 per cent - making this the worst-performing decade for the world economy since the 1960s."

In the face of potential tariffs impacting global trade, investors are gravitating towards defensive stocks as a safeguard against market instability.

The OECD has lowered the UK economic growth forecast for 2026 from 1.2% to 1% due to heightened trade tensions and elevated uncertainty.

Purchase applications increased by 11% week over week and 13% year over year, highlighting a significant rebound after three weeks of declines.

The advance estimates reveal a concerning contraction of the US economy at an annualized rate of 0.3% in Q1 2025, particularly troubling as it follows President Trump's initial 100-day milestone.