Budget 2010: GDP growth will be 1-1.5%
Chancellor stands by forecasts
Growth in gross domestic product will be 1-1.5% in 2010, the chancellor
stands by forecast of last years PBR. Growth in 2011 forecast as 3 to 3.5%, down
from the 3.75% originally forecast.. The PBR saw a prediction growth would be
3.75% by 2012.
There have been independent estimates that growth would not meet the
chancellor’s forecasts for this year.