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ECONOMIST VIEWS: HAS THE OBR GOT IT RIGHT?
SIMON WARD | HENDERSON GLOBAL INVESTORS
If anything the GDP projections are not optimistic enough. Fiscal consolidation didn’t stop growth in the 1990s, and the private sector’s in better shape now than it was then.
ANDREW GOODWIN | ERNST & YOUNG ITEM CLUB
I’m a little surprised the deficit figure wasn’t revised lower. Growth would have to drop off quite a bit for the government to miss the target. There’s a good chance it will overshoot.
HOWARD ARCHER | IHS GLOBAL INSIGHT
This is essentially a case of tweaking rather than changing the story. Having said that March still looks some way away, especially given all that is going on in the Eurozone.