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Markets rally despite warnings

George Osborne’s November statement on Tuesday raised a few key concerns with regard to the UK economy, but none came as a surprise to markets. The GDP growth forecasts have been revised down to 0,9% for 2011 and 0.7% for 2012 (from 1.7% and 2.5% respectively). Future growth forecasts from the Office for Budget Responsibility (OBR) are 2.1% for 2013, 2.7% in 2015 and 3% in both 2015 and 2016. The Chancellor also said that the