The independent fiscal watchdog's prediction that GDP will grow 2.1pc in 2011 now looks optimistic, say economists, who expect the figure to be slashed when new forecasts are released alongside the Budget on Wednesday,
The November forecasts from the OBR, led by Robert Chote and appointed by George Osborne to scrutinise the Government finances, has been "overtaken by events and will probably be significantly modified", said Stephen Lewis, chief economist at Monument Securities. http://www.telegraph.co.uk/finance/budget/8392876/Budget-2011-Official-UK-growth-forecast-to-be-slashed.html
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