OECD Cuts U.K. Outlook as Brexit Uncertainty Weighs on Economy

  • Paris-based group slashes 2017 U.K. growth forecast to 1%
  • Report warns that downside risks to the outlook remain

The Organization for Economic Cooperation and Development cut its U.K. growth forecast and said the economy may weaken further despite the signs of stabilization since the shock of the Brexit vote in June.

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