UK upgrades growth forecasts: finance minister By Reuters

© Reuters. UK upgrades growth forecasts: finance minister

LONDON (Reuters) – Britain has raised its official forecast for economic growth in 2019 while the outlook for subsequent years was unchanged or slightly higher, finance minister Philip Hammond said on Monday as he outlined his annual budget.

The country’s official budget forecasters now expect gross domestic product will grow by 1.6 percent in 2019, compared with a forecast of 1.3 percent made in March.

Growth forecasts in 2020 and 2021 were both 1.4 percent, compared with 1.3 percent and 1.4 percent respectively in the March forecast, according to figures prepared for Hammond by the Office for Budget Responsibility.

By 2023 the growth forecast was 1.6 percent.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

*