NI Economic Growth Bulletins 2013

Date published: 15 April 2013

The latest Office for Budget Responsibility (OBR) forecasts, published alongside the Chancellor‟s Budget Statement on 20 March 2013, indicated that the outlook for global growth remains weak and that growth in world trade has slowed. The OBR also noted that the situation in the Euro zone remains “fragile” with the Euro area expected to remain in recession in 2013 and therefore pose a continued risk to the UK outlook. The ongoing events in Cyprus, with a proposed €10bn European bailout package (at the time of writing), have illustrated the potential for further shocks and uncertainty to impact on Euro zone stability and recovery.

Back to top