UK economy to grow slower and with higher inflation than eurozone in 2023, OECD

Organisation for Economic Co-operation and Development upgraded its GDP growth forecast for 2023 from zero in June to 0.3% .

But this was still behind the 0.6% predicted rise for the eurozone, where there were stark divisions with Germany ’s economy set to shrink by 0.2% , France to grow by 1% , and Spain by 2.3% . But looking back to 2022 , the UK had the biggest growth spurt of 4.1% of wealthy nations.