Arab Today, arab today britain revises up its economy forecast for 2015 2016
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Britain revises up its economy forecast for 2015, 2016

Arab Today, arab today

Arab Today, arab today Britain revises up its economy forecast for 2015, 2016

Britain economy
London - XINHUA

British government on Wednesday upgraded its economic growth forecasts for 2015 and 2016 as the country's Chancellor George Osborne unveiled the final budget before the general election.
According to the budget, the Office for Budget Responsibility (OBR) revised up its forecast for economic growth in 2015 from 2.4 percent to 2.5 percent and in 2016 from 2.2 percent to 2.3 percent.
Besides, the OBR predicts a growth of 2.3 percent in 2017, which is expected to rise to 2.4 percent in 2019.
Osborne said: "Britain grew faster than any other major advanced economy in the world last year. That is fifty percent faster than Germany, three times faster than the eurozone, and seven times faster than France."
Many data which were revealed today showed British economy was growing steadily.
The OBR revised down its forecast for the unemployment rate in 2015 from 5.4 percent to 5.3 percent. The office also predicted unemployment rate would fall to 5.2 percent in 2016.
In terms of business investment, the office forecast it would increase 5.1 percent in 2015 and 7.5 percent in 2016.
Besides, the country will reach a budget surplus of 5.2 billion pounds in 2018-2019, almost 1 billion pounds more than it forecast in December 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain revises up its economy forecast for 2015 2016 Arab Today, arab today britain revises up its economy forecast for 2015 2016

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain revises up its economy forecast for 2015 2016 Arab Today, arab today britain revises up its economy forecast for 2015 2016

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday