Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

The OECD downgrades forecasts for many of the world's biggest economies due to the US-Israel war with Iran.

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

The U.K. is predicted to be worse hit by the Iran war than its developed market counterparts, the OECD said in its interim economic outlook on Thursday.