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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