OECD says UK�s Economic Performance Poorer than Other Nations

Kivo Daily24 Nov, 2022Finance

In terms of economic performance, the UK trails other developed countries, according to the Organization for Economic Co-operation and Development (OECD). According to statistics, the UK?s GDP decreased from 2019 to 2022 by 0.4%. On the other hand, OECD member countries recorded a 3.7% growth during that time. Except for the UK, all of the G-7 countries?which include Canada, Germany, France, Japan, Italy, the US, and the UK?saw economic growth. The bad administration of former UK Prime Minister Liz Truss worsened the UK?s dismal performance.