The new projection for productivity
growth is 4.6% lower at the start of
2022 than was forecast at the
spring budget
Non-oil GVA productivity per hour
(2008 Q1 = 100)
115
110
November
2010
March
2017
105
100
November
2017
95
Outturn
90
04
06
08
10
12
14
16
18
20
22
Guardian graphic | Source: Resolution Foundation,
OBR, Economic and fiscal outlook, various
The new projection for productivity growth is 4.6% lower
at the start of 2022 than was forecast at the spring budget
Non-oil GVA productivity per hour (2008 Q1 = 100)
115
November
2010
March
2016
110
March
2017
105
November
2017
100
Outturn
95
90
04
06
08
10
12
14
16
18
20
22
Guardian graphic | Source: Resolution Foundation, OBR, Economic and fiscal outlook, various