The OECD has slashed its UK growth forecast to a mere 1% largely due to the impact of Trump tariffs. In the wake of this economic challenge, research by money.co.uk reveals which UK industries are finding growth opportunities and which are faltering. Sectors such as construction are benefiting from government housing initiatives, while traditional retail struggles amid the rise of e-commerce. The need for businesses to adapt through technology and operational flexibility is crucial for survival in this changing landscape.
The OECD's downgrade of UK growth forecasts to just 1% due to Trump tariffs emphasizes the need for businesses to adapt swiftly to changing economic conditions.
Industries that utilize technology and agile strategies are thriving, like construction via government initiatives, whereas retail is struggling with the rise of online shopping.
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