UK growth forecasts slashed due to Ukraine war

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UK growth forecasts slashed due to Ukraine war

In his Spring Statement, Chancellor Rishi Sunak said the OBR’s “initial view, combined with high global inflation and continuing supply chain pressures”, means it is now forecasting growth of 3.8% in 2022, followed by 1.8% in 2023, then 2.1%, 1.8% and 1.75% in the following three years. www.bbc.co.uk

In his Spring Statement, Chancellor Rishi Sunak said the OBR’s “initial view, combined with high global inflation and continuing supply chain pressures”, means it is now forecasting growth of 3.8% in 2022, followed by 1.8% in 2023, then 2.1%, 1.8% and 1.75% in the following three years.

www.bbc.co.uk