1416 GMT - Oxford Economics cuts its U.K. growth forecast for 2026 to 0.9%, from its previous forecast of 1.5%, due to the impact of U.S. trade tariffs, it says in a note.The global economic advisory firm expects U.K. GDP to grow by 1% in 2025. "We now expect softer quarterly growth for the remainder of this year and 2026, although the U.K. should manage to avoid a recession," Oxford Economics' Andrew Goodwin says in a note. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 10:16 ET (14:16 GMT)
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