U.K. Budget May See 2017 Economic Growth Outlook Upgraded: Chart
(Bloomberg) -- The Office for Budget Responsibility will update its forecasts this week as part of Chancellor Philip Hammond's Budget, and will have to take into account the economy's momentum since its last outlook in November. But while it may raise its 2017 prediction from 1.4 percent -- below the Bank of England's 2 percent prediction -- recent signs of slower growth may mean any upgrade will be modest. There's also a chance that projections for later years will be reduced.
To contact the reporter on this story: Fergal O'Brien in London at fobrien@bloomberg.net.
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint, Lucy Meakin
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