Click to see content: growth_forecasts Growth next year will be considerably slower than was expected before the vote to leave the European Union, according to the Office for Budget Responsibility (OBR).
The OBR expects the economy to grow by 1.4% in 2017, down from the 2.2% it predicted in March.
The growth forecast for this year has been raised slightly to 2.1% from 2.0%.
It expects growth to be 2.4 percentage points slower in the next five years as a result of the Brexit vote.
But Chancellor Philip Hammond stressed in his Autumn Statement speech that the forecast for 2017 was still equal to the International Monetary Fund"s prediction for the German economy and ahead of its forecast for France.
Mr Hammond confirmed that the government would abandon its target to spend less than it earned in 2019-20, and is now expecting to borrow £21.9bn that year.
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