Your October guide to the UK economy, giving you a monthly overview of the major trends impacting the UK's main business sectors.
14 Oct 2024, 3 min read
Conflict in the Middle East poses a downside risk to global growth
On the face of it, the central path for the global economic outlook is relatively benign. The OECD’s latest projections expect global GDP growth to stabilise at a healthy pace over this year and 2025, underpinned by further falls in inflation, improvements in real household incomes, and central banks cutting interest rates further.
However, downside risks around this outlook are growing, most recently from intensifying geopolitical tensions in
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