• UK's finance minister: UK sees 2020 GDP growth forecast of 1.1%, down from 1.4% previously

Market news

11 March 2020

UK's finance minister: UK sees 2020 GDP growth forecast of 1.1%, down from 1.4% previously

  • Sees 2021 GDP growth of 1.8% versus 1.6% forecast previously
  • Says UK budget will meet fiscal rules with room to spare
  • Sees 2021/22 deficit at 2.8% of GDP
  • 2022/23 deficit of 2.5% of GDP

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