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The Office for Budget Responsibility (OBR)’s “upside scenario” economic forecasts for UK GDP are “extraordinarily optimistic”, according to Paul Johnson director of the Institute for Fiscal Studies (IFS).
The OBR’s Fiscal Sustainability Report – July 2020 provides three potential scenarios for UK GDP over the next five years to reflect the different potential outcomes for the UK economy depending on how the coronavirus pandemic develops.
Read more at the Accountancy Age.