OECD: UK economy set for faster growth

The UK economy is forecast to grow at a faster pace than most of the world’s seven major developed countries in the first half of the year as its recovery picks up pace, according to a report out today.

In its outlook for key economies, the Organisation for Economic Cooperation and Development (OECD) said recent evidence suggested “a continued recovery of the world economy”, although some countries would achieve a quicker turnaround than others.