§ 45. Mr. Chapman
asked the Chancellor of the Exchequer what is his lastest estimate of the growth in output of the United Kingdom economy in the current and the next financial year; and how this compares with other European Economic Community countries.
§ Mr. Peter Rees
The figures are available in terms of calendar rather than financial years. My autumn statement predicted United Kingdom growth of around 3 per cent.730W for calendar years 1983 and 1984. The Economic Outlook published by the OECD secretariat in December predicted the following growth rates for other countries in the European Community:
Growth for real GNP (per cent. change on previous period) 1983 1984 Germany 1¼ 2 France ½ 0 Italy -1½ 2 Belgium 0 1 Denmark 1¾ ¾ Greece 0 1½ Ireland ½ 1 Luxembourg -2½ -1 Netherlands 1¼ 1¼