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UK's economy expected to grow by 2% in 2025, finance minister reveals
Posted on October 31, 2024 |
The finance minister predicts a 2.0% growth for Britain's economy in the coming year.
The Office for Budget Responsibility (OBR) anticipates a 1.8% increase in economic output for 2026 and a 1.5% rise for 2027.
These new projections adjust earlier expectations of 2.0% growth in 2026 and 1.8% in 2027.
The OBR revises the 2024 growth estimate to 1.1%, up from the previous 0.8% forecast.