How the OBR’s growth projections have fallen

Will Straw runs through the OBR's plummeting growth projections

The chancellor announced today that the OBR’s projection of growth would be 0.9 per cent this year and 0.7 per cent next year. As we feared, this is yet another downgrade from earlier projections, as the chart below shows.

Given OBR’s past optimism, their prediction of a 300% increase in growth between 2012 and 2013 might also be met with scepticism.

See also:

Whatever Osborne’s growth forecasts today, the reality is probably worseDaniel Elton, November 29th 2011

Inflation report is bad news for Osborne’s targetsTony Dolphin, October 18th 2011

Cameron’s “failed experiment” leads to yet another economic downgradeAlex Hern, October 17th 2011

OECD prediction rocks Osborne’s deficit reduction hopesBen Fox, September 9th 2011

Britain is bottom of the G7′s growth tableWill Straw, August 4th 2011

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12 Responses to “How the OBR’s growth projections have fallen”

  1. Political Planet

    How the OBR’s growth projections have fallen: Will Straw runs through the OBR's plummeting growth projections http://t.co/C8mjcwHj

  2. Mark Stevo

    What was the % increase in growth from 2009 to 2010?

  3. Anonymous

    They have fallen because the government is taking too much money.

    Hence less is available for investment.

    Then all the parties have said to the rich, those with money to invest, we are going to milk you for the cash. We know better than you do. The rich have got the message. You aren’t welcome in the UK. [Unless you’re a non-dom and have your assets offshored]

  4. Michael

    How the OBR’s growth projections have fallen – http://t.co/vAw00oUF

  5. False Economy

    How the OBR’s growth projections have fallen – @leftfootfwd http://t.co/S5pIL5Gu’s-growth-projections-have-fallen/ #falseeconomy

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