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Economic Growth

Asked by Stuart AndersonConservativeTreasuryTabled Answered 1 April 2025UIN 41140

The question

To ask the Chancellor of the Exchequer, what recent assessment she has made of recent trends in economic growth.

Answered by Emma Reynolds

The independent Office for Budget Responsibility (OBR) are the Government’s official economic forecaster. They published their Economic and Fiscal Outlook (EFO) on 26th March. They forecast GDP growth to be 1.0% in 2025, 1.9% in 2026, 1.8% in 2027, 1.7% in 2028 and 1.8% in 2029.

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