UK GDP growth has been revised down

Real GDP, outturn Bank of England and OBR forecasts

Outturn

Updated GDP projection

BoE (Feb 2024)

OBR (Mar 2020)

OBR (Nov 2023)

£700bn

600

500

400

2020

2022

2024

2026

2028

Outturn

Updated GDP projection

BoE (Feb 2024)

OBR (Mar 2020)

OBR (Nov 2023)

£700bn

600

500

400

2020

2022

2024

2026

2028

Guardian graphic. Source: Resolution Foundation analysis of ONS, Bank of England and OBR data. Note: chained-volume measure. All measures are rebased and re-referenced to 2019