McGovern – OECD forecast shows “negative impact of Brexit”

This morning’s OECD economic forecast shows the UK projected to be the worst performing of the world’s leading advanced and emerging economies in both 2018 and 2019.

The OECD project economic growth of 1.3% for 2018 for the UK, slumping to just 1.1% in 2019.

 

Commenting, Alison McGovern MP, leading supporter of the Open Britain campaign, said:

On the same day as the Chancellor presents his Spring statement, the data from the OECD shows once again the negative impact Brexit is having on our economy.

The statistics could not be more clear: we are at the bottom of the pile for growth amongst countries of the G20 both in 2018 and 2019. 

If Brexit means wrecking the economy then everybody has the right to reconsider if this is the right path to be on.”

/ends

 

Notes to editors

The OECD’s forecast can be accessed here: http://www.oecd.org/eco/outlook/Getting-stronger-but-tensions-are-rising-presentation-oecd-interim-economic-outlook-march-2018.pdf