Abstract
The economy, after seeing zero growth in 2012, will grow by 0.7 per cent in 2013, and 1.5 per cent in 2014. Consumer price inflation will average 2.4 per cent this year and 2.3 per cent in 2014. We expect unemployment to stabilise at about 8 per cent, and to begin a sustained fall in 2015. We expect public sector net debt to peak in 2016–17, at about 85 per cent of GDP.
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