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12.
Mr. Austin Mitchell
asked the Chancellor of the Exchequer what is his estimate of the growth rate in the economy for the coming year.
Sir Geoffrey Howe
The forecast published on 22 November showed a decline in GDP of 2 per cent. in 1980.
17.
Mr. Les Huckfield
asked the Chancellor of the Exchequer whether he will make a statement about the relationship between recent Organisation for Economic Co-operation and Development economic forecasts and those of his own Department.
Mr. Biffen
There is close agreement between our forecast of output and prices and that of the OECD. The latter's better prospect for the balance of payments is within the published margins of error.