Data collected from 38 member countries says UK among the major economies now in the slow lane
The world’s major economies have seen their rapid recovery after easing Covid restrictions begin to run out of steam in the last month as a resurgence in the virus depressed consumer spending, according to the Organisation for Economic Cooperation and Development.
There are signs that the recovery in the US and Japan is losing momentum, the OECD said, while parts of Europe and China have slowed as consumers remain reluctant to eat out, visit attractions and shop as they did before the pandemic.
