UK growth will trail Italy, France and Germany next year, says OECD

Pound's Brexit slide has pushed up inflation and dampened purchasing power, says forecast

Italy, France and Germany will grow faster than Britain next year as Brexit uncertainty continues to weigh on consumer confidence and deter much-needed business investment, according to the latest economic forecasts by the Organisation for Economic Cooperation and Development.

The UK's GDP growth will drop from 1.6% this year to 1% next year, in line with the OECD's previous forecast, but Italy's national income will grow by 1.2% in 2018, up 0.4 percentage points from the forecast in the June.

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