Economic growth – but don't forget the level HM Treasury (Budget 2009) Bank of England (Inflation Report November 2009 Average of new independent forecasts 2009–3¾%–4.8%–4.6% 2010+1%+1.5%+1.2% 2011+3¼%+3.1%+2% Level of GDP in 2011 relative to 2008 +0.4%–0.4%–1.5% © Institute for Fiscal Studies
{}