HC Deb 09 February 1984 vol 53 cc729-30W
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. 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 2
France ½ 0
Italy -1½ 2
Belgium 0 1
Denmark ¾
Greece 0
Ireland ½ 1
Luxembourg -2½ -1