RE: RSI 14 and current year p/e 4 Well oversold25 Sep 2024 16:10
Let's see if is also at TTG...
UK economy to grow faster than first thought this year - OECD
Proactive Investors - Economic growth in the UK is set to beat initial expectations this year, placing it joint second among the G7 developed countries, behind only the US.
In its latest outlook, the Organisation for Economic Cooperation and Development (OECD) hiked expectations for UK economic growth in 2024 to 1.1% from 0.4% previously.
This would place the UK on par with Canada and France and ahead of Japan, Italy and Germany, after previously being forecast in May to lag behind all G7 counterparts.
Globally, the world economy was predicted to grow by 3.2% this year, against the OECD’s last projection of 3.1%, with the organisation noting “a corner” had been turned.
“Declining consumer price inflation has supported household spending,” the OECD said