From the TUC

Vanishing Growth Forecasts – in one chart

05 Dec 2012, by Guest in Economics

Today the OBR revised down its forecast for growth in 2012 to -0.1% and its 2013 forecast to 1.2% – as recently as March they were expecting 0.8% and 2.0%.

But back in June 2010 they expected 2.8% and 2.9%, in fact every time the Chancellor has stood up to announce new growth forecasts he has been forced to cut the numbers.

The chart below shows how they have been slashed over time.

Vanishing growth graph