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Published online by Cambridge University Press: 26 March 2020
The economy will contract very slightly this year, but grow by just over 1 per cent in 2013.
Consumer price inflation will be 2.7 per cent this year and 2 per cent in 2013.
We expect unemployment to continue to stabilise at about 8 per cent.
We expect the cyclically adjusted current budget to be approximately balanced in 2016–17.