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22nd Feb 2023 16:21U.K., Daily Monitor

  • The OBR will lower its forecast for borrowing in 22/23 and in 23/24 by about £37B and £32B, respectively...
  • ...But it will revise up its medium-term forecast for RPI inflation and reduce its estimate of trend GDP growth...
  • ...potentially leaving the deficit on track to top the 3% limit in 27/28; no wonder Mr. Hunt is still sounding cautious.

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Keywords for: 23 Feb 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence