RE: Close to TERP15 Mar 2023 18:37
Office for Budget Responsibility predicts the UK will avoid recession in 2023.
Size of the economy predicted to shrink by 0.2% this year, before growing by 1.8% next year, 2.5% in 2025 and 2.1% in 2026.
UK's inflation rate predicted to fall to 2.9% by the end of this year, down from 10.7% in the last three months of 2022.