Economic growth could be smaller in 2021 than the OBR predicts

OBR prediction of real GDP growth,

November 2020

RF prediction

8%

6.6

5.5

4

4.3

2.3

1.8

1.7

1.3

0

-11.3

Resolution Foundation says tighter restrictions early in 2021 could reduce growth to 4.3%

-4

-8

-12

2019

2020

2021

2022

2023

2024

2025

OBR prediction of real GDP growth, November 2020

RF prediction

8%

6.6

5.5

4

4.3

2.3

1.8

1.7

1.3

-11.3

0

Resolution Foundation says tighter restrictions early in 2021 could reduce growth to 4.3%

-4

-8

-12

2019

2020

2021

2022

2023

2024

2025