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Forecast in detail
Publication year - 2018
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12330
Subject(s) - productivity , economics , projection (relational algebra) , macroeconomics , mathematics , algorithm
November's Budget was framed by some sizeable, unfavourable, revisions to the Office for Budget Responsibility's (OBR's) forecasts for economic growth and borrowing. With the OBR having taken a more downbeat view of prospects for productivity growth, their forecast showed the level of GDP just over 2pp lower in 2021 than their March 2017 projection.