Productivity growth has been consistently overestimated by the OBR
Productivity and Resolution Foundation projection compared to successive OBR forecasts (grey). Index, 2008 Q1 = 100
Nov-10
Mar-11
Nov-11
Mar-12
Dec-12
Mar-13
Dec-13
Mar-14
Dec-14
Mar-15
Jul-15
Nov-15
Mar-16
Nov-16
Mar-17
Nov-17
RF forecast
Outturn
95
100
105
110
115
2008
2012
2016
2020