Autumn Statement
Economic Growth Forecasts
Philip Hammond is presenting his Autumn Statement today. Among the great deal of aspects dealt with in his statement were the latest Office For Budget Responsibility forecasts for economic output. 2017 has been downgraded from the 2.2 percent predicted in March to 1.4 percent. Hammond says this is due in part to 'lower investment and weaker consumer demand' as a result of the initial shocks related to Brexit.
Description
This chart shows the United Kingdom economic growth forecast as of 23 November, 2016.
Forecasted output gap in the United Kingdom from 2017-2023
Forecasted percentage change on a year earlier of gross domestic output gap in the United Kingdom (UK) from 2017 to 2023
Forecasted effects of Brexit on real gross domestic product in the United Kingdom from 2016 to 2035
Forecasted current budget deficit as a share of gross domestic product (GDP) in the United Kingdom from 2017/18 to 2023/24
Forecasted output gap in the United Kingdom (UK) from 2019 to 2023, by institution
Forecasted annual growth of gross domestic product in the United Kingdom from 2019 to 2030
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