IFS: An initial reaction to the OBR's first economic and fiscal outlook

30 Nov 2010 09:04 AM

The OBR has revised up its forecast for economic growth in 2010 from 1.2% to 1.8%, while revising down slightly its medium term forecasts: from 2.3% to 2.1% in 2011 and from 2.8% to 2.6% in 2012.

From 2012 onwards the OBR forecasts that the economy will be 0.2% larger than it forecast in June.

Click HERE for full press release pdf