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<p>Last year the UK saw a faster-than-previously-expected economic recovery, with
the fastest growth in the G7 and unemployment was lower than expected. But there are
significant headwinds and uncertainty ahead.</p><p> </p><p>The Office of Budget Responsibility
(OBR) has published an updated forecast for the UK economy on 23 March alongside the
Spring Statement. While the forecast includes the initial effect of the Russian invasion
of Ukraine, the OBR have acknowledged that “given the unfolding situation in Ukraine,
there is unusually high uncertainty around this outlook.” The OBR expect growth of
3.8% in 2022.</p>
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