Table 2.

GDP forecasts

	19–20	20–21	21–22	22–23	23–24	24–25	Sum
Dec 2019 Forecasts	2.25%	2.75%	3.0%	3.0%	3.0%	3.0%
Implied GDP	102.3	105.1	108.2	111.5	114.8	118.2
June 2021 Forecasts	− 0.2%	1.25%	4.25%	2.5%	2.25%	2.5%
Implied GDP	99.8	101.0	105.3	108.0	110.4	113.2
Shortfall	2.5	4.1	2.9	3.5	4.4	5.0	22.4