Government raises forecasts for economic growth

Plan widely viewed as attempt to spur on government formation

26th April, 2016

The Department of Finance has upped its estimate of how quickly it expects the economy to grow this year.

In a statement tonight, it said now expects GDP to grow by 4.9 per cent this year and 3.9 per cent in 2017. It comes on the back of 7.8 per cent growth last year.

The new financial projection will give ministers more leverage for spending increases and tax cuts.

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