Forecast upgrades UK to joint second after US but it is still expected to have highest inflation among G7 countriesBusiness live – latest updatesThe global economy is “turning a corner”, according to the Organisation for Economic Cooperation and Development, which has upgraded the UK’s growth forecast for this year to faster than that of Japan, Italy and Germany.The OECD’s latest outlook ranked Britain joint second among the G7 developed countries in its latest outlook for the world economy. However, the UK is still expected to have the highest inflation in the group. Continue reading...