How Long to Read Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748

How Long Does it Take to Read Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748?

It takes the average reader 3 hours and 14 minutes to read Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 by Office for Budget Responsibility

Assuming a reading speed of 250 words per minute. Learn more

Description

The Office for Budget Responsibility reports that the UK economy has picked up more strongly in 2013 than expected in its March forecast. Private consumption and housing investment have grown whilst business investment and net trade continue to disappoint. The forecast for GDP growth in 2013 is revised up to 1.4 per cent, but this is not expected to be maintained in 2014 as productivity and real earnings growth remain weak. The positive growth is judged to be cyclical, reducing the amount of spare capacity in the economy, rather than indicating stronger underlying growth potential. Productivity-driven growth in real earnings is necessary to sustain the recovery and the outlook for productivity growth is the key uncertainty. Nevertheless, the forecast for growth in 2014 is now 2.4 per cent. Public sector net borrowing (PSNB) - the gap between what the Government spends and raises in revenue - is forecast to be £111.2 billion this year, £8.6 billion lower than the March forecast and £3.8 billion lower than in 2012-13. Underlying PSNB is estimated to have fallen by a third between 2009-10 and 2012-13, the pace of reduction slowing in 2012-13. The employment forecast is now expected to reach 31.2 million in 2018, with unemployment falling steadily over the coming years, reaching 7 per cent in mid-2015 and 6 per cent by the end of 2017. CPI inflation is forecast to fall back to the Bank of England's 2 per cent target during 2016 whilst house price inflation is revised upwards, expected to be above 5 per cent in 2014 and 7 per cent in 2015.

How long is Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748?

Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 by Office for Budget Responsibility is 188 pages long, and a total of 48,504 words.

This makes it 63% the length of the average book. It also has 59% more words than the average book.

How Long Does it Take to Read Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 25 minutes to read Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 aloud.

What Reading Level is Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748?

Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748?

Office for Budget Responsibility: Economic and Fiscal Outlook - Cm. 8748 by Office for Budget Responsibility is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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