UK Finance Ministry Updates 2016 GDP Growth Forecast to 2.1%, 2017 to 1.4%

© AFP 2022 / ANIEL LEAL-OLIVASBritish Foreign Secretary Philip Hammond arrives in 10 Downing Street in central London on May 13, 2016
British Foreign Secretary Philip Hammond arrives in 10 Downing Street in central London on May 13, 2016 - Sputnik International
Subscribe
US
India
Global
British Chancellor of the Exchequer revised internal GDP growth for this year to 2.1 percent and downgraded expectations to 1.4 percent in 2017.

Bank Of England - Sputnik International
UK’s New Finance Minister Rules Out Emergency Budget
LONDON (Sputnik) — The United Kingdom's Chancellor of the Exchequer, Philip Hammond, revised upward GDP growth for this year to 2.1 percent and downgraded expectations to 1.4 percent in 2017.

Hammond voiced the Office for Budget Responsibility (OBR) forecasts in his Autumn Statement on Wednesday.

In March, Hammond's predecessor George Osborne downgraded 2016 GDP forecasts from 2.4 percent to 2 percent. Osborne also downgraded GDP growth forecasts for next year from 2.5 percent to 2.2 percent.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала