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The World Bank notes that Global growth again fell short of expectations in 2015, slowing to 2.4 percent from 2.6 percent in 2014.
This page contains the Budget document sets out the Northern Ireland Executive’s spending plans for the period from April 2016 to March 2017.
The World Bank has cut its forecast for global growth, now predicting expansion of 3% this year, followed by 3.3% in 2016. It notes that falling oil prices will impact on inflation worldwide and that this is likely to delay interest rate hikes in rich countries
The world economy is showing signs of bouncing back this year as advanced economies are turning a corner and developing countries are regaining strength after two weak years according to the World Bank’s latest global economic prospects report.
The Government and Executive are committed to working together to tackle the important challenges of:
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 Executive is committed to working in partnership to build a safe, peaceful, fair and prosperous society where everyone can enjoy a better quality of life now and in the years to come.