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Al-Ittihad Al-Iqtisadi Calls on Britain to Accelerate the Growth Agenda

Al-Ittihad Al-Iqtisadi Calls on Britain to Accelerate the Growth Agenda

A report from the Organisation for Economic Co-operation and Development (OECD) confirmed that the UK economy is negatively impacted by the renewed surge in energy prices resulting from the Middle East conflict. The organization forecasted that the country's Gross Domestic Product (GDP) will grow by 0.9% in 2026, down from 1.4% last year. It pointed out that the conflict has caused fluctuations in fossil fuel prices, which harms households and businesses, emphasizing the need to accelerate the transition to electric energy sources and reduce dependence on carbon. The reports also revealed that regional disparities and rising unemployment rates are hindering living standards and the overall performance of the British economy.

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