Our forecasts are largely unchanged from around the time of the release of the budget with the exception of a weaker inflation outlook. We still expect growth of 2.0% in 2019 and around 2¼% in 2020 and 2021. Alongside this below trend growth we forecast the unemployment rate to see little further improvement – remaining flat over 2019 before drifting up over the forecast out period. With below trend growth and ongoing spare capacity in the labour market, inflation is likely to remain weak. We expect underlying inflation to be 1.3% over 2019, before gradually picking up, but only to the bottom of the target band by ... (full story)