UK GDP growth has been more resilient than expected this year

£650bn

Forecast

600

OBR Mar 2020

550

OBR

Mar 2023

500

Outturn

Bank of England

Nov 2023

Updated GDP

projection

Based on BoE

Nov 2023

550

400

2016

2018

2020

2022

2024

2026

2028

£650bn

Forecast

600

OBR Mar 2020

550

Updated GDP

projection

Based on BoE

Nov 2023

Bank of England

Nov 2023

OBR Mar 2023

500

Outturn

550

400

2016

2018

2020

2022

2024

2026

2028