GDP outlook has improved with growth expected from 2024

Real GDP, outturn and various forecasts

£650bn

Forecast

OBR

March 2020

600

550

Resolution

Foundation

March 2023

500

OBR

November 2022

Outturn

450

400

2016

2018

2020

2022

2024

2026

2028

£650bn

Forecast

OBR

March 2020

600

550

Outturn

OBR

November 2022

Resolution Foundation

March 2023

500

450

400

2016

2018

2020

2022

2024

2026

2028

Guardian graphic. Source: RF analysis of ONS, BoE and OBR data. Note: chained-volume measure.