OECD cuts UK growth forecasts as Reeves grapples with weak economy

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  UK economy shrinks unexpectedly in blow to Rachel Reeves

  ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement. Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push The UK ...
  
  The Guardian - 3d
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  Trump’s trade war will damage global growth, OECD warns

  Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers
  
  Financial Times - 4h
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  Trump trade wars are slowing global growth and fuelling inflation, says OECD

  Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs. Business live – latest updates Donald Trump’s trade wars are splintering the global ...
  
  The Guardian - 4h

• FirstFT: OECD cuts global growth forecast

  Also in today’s newsletter, Trump and Putin to hold Ukraine talks and Netanyahu plans to sack Shin Bet chief
  
  Financial Times - 3h
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  UK economy unexpectedly contracted 0.1% in January

  Figure underscores challenge for chancellor Rachel Reeves ahead of high-stakes Spring Statement
  
  Financial Times - 3d

• Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower

  Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.
  
  CNBC - 6d
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  UK economy shrinks in January; stocks and euro jump on German debt deal – as it happened

  UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement; Friedrich Merz declares: ‘Germany is back’. Let’s look at the GDP figures in more detail.. ...
  
  The Guardian - 2d

• Global economy takes centre stage

  OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics president
  
  Financial Times - 20h

• U.S. and global economic outlooks cut by OECD as Trump's trade tariffs weigh on growth

  "A series of recently announced trade policy measures will have implications for the economic outlook if sustained," the OECD said.
  
  CNBC - 2h

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  What should Reeves and Starmer say and do next?

  The government needs to view the hard times coming upon us as an opportunity, as well as a crisis
  
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  Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy take their toll.
  
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