The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the Organisation for Economic Cooperation and Development.
The downbeat prediction comes as the global economy shows signs of recovery, with growth forecast to remain steady at 3.1% in 2024, before rising modestly to 3.2% in 2025.
"We start seeing some recovery in many parts of the world," Alvaro Pereira, director of the OECD's policy studies branch, told CNBC's Silvia Amaro Thursday.
Growth among advanced nations next year is set to be led by North America, which Pereira said follows "strong growth" forecasts of 2.6% in the U.S. in 2024.
Growth in Europe, meanwhile, is expected to pick up next year after a sluggish 2024.
Persons:
Alvaro Pereira, CNBC's Silvia Amaro Thursday, Pereira
Organizations:
Organisation for Economic Cooperation, Development, North
Locations:
Germany, Paris, Canada, France, Japan, U.S, North America, Europe