"Today the Office for Budget Responsibility forecast that
because of changing international factors and the measures I
take, the UK will not now enter a technical recession this
year," he said as he presented his budget in parliament.
"Despite continuing global instability, the OBR report today
that inflation in the UK will fall from 10.7% in the final
quarter of last year to 2.9% by the end of 2023."
(Reporting by Sarah Young; editing by William James)
(Adds inflation forecast)
LONDON, March 15 (Reuters) - Britain is no longer
forecast to enter a recession this year, finance minister Jeremy
Hunt said on Wednesday, adding that inflation was forecast to
fall to 2.9% by the end of the year.
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