GDP growth for 2026 has been downgraded more in the UK than in any other G7 country

% growth, April 2026 forecast

January 2026 forecast

UK

US

Growth forecast

down 0.5 points

2

2.3

1

0.8

0

2025

2026

2027

2026

Canada

Japan

2

1.5

1

0.7

0

2025

2026

2027

2026

France

Germany

2

1

0.9

0.8

0

2025

2026

2027

2026

Italy

2

1

0.5

0

2025

2026

2027

% growth, April 2026 forecast

January 2026 forecast

UK

US

Growth forecast

down 0.5 points

2

2.3

1

0.8

0

2025

2026

2027

2026

Canada

Japan

2

1.5

1

0.7

0

2025

2026

2027

2026

France

Germany

2

1

0.9

0.8

0

2025

2026

2027

2026

Italy

2

1

0.5

0

2025

2026

2027

% growth, April 2026 forecast

January 2026 forecast

UK

US

Canada

Japan

Growth forecast

down 0.5 points

2

2.3

1.5

1

0.8

0.7

0

2025

2026

2027

2026

2026

2026

France

Germany

Italy

2

1

0.9

0.8

0.5

0

2025

2026

2027

2026

2026

% growth, April 2026 forecast

January 2026 forecast

UK

US

Canada

Japan

Growth forecast

down 0.5 points

2

2.3

1.5

1

0.8

0.7

0

2025

2026

2027

2026

2026

2026

France

Germany

Italy

2

1

0.9

0.8

0.5

0

2025

2026

2027

2026

2026