22 Mar 2023 UK Monitor Public Borrowing will Stabilise at 4% of GDP in the Medium Term
21st Mar 2023 15:45U.K., Daily Monitor
- The OBR's productivity growth forecast still is too upbeat; we think GDP in 27/28 will be 1.6% lower than it expects.
- While slower growth points to lower interest rates than the OBR assumes, borrowing would be higher on net.
- Plans for a fiscal consolidation of nearly 4% of GDP aren't credible, given past U-turns and the upcoming election.
Are you taking full advantage of our daily publications?
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
