OECD predicts 'subdued' economic growth for UK

However, the recovery could gain momentum in 2012 when exports and business investment are expected to increase. While GDP is predicted to rise by 1.7% in 2011, a 2% increase is expected in 2012, while unemployment is forecast to fall from 7.8% to 7.6%. In its economic outlook, the OECD also praises the moves made by the coalition government in the recent Spending Review. It says: "The government's ambitious medium-term plan has significantly reduced fiscal risks and could, in combination with efficiency improvements in health spending and structural reforms, support growth in the ...