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The government forecasts inflation of 6.5percentt.
The Chinese economy has repeatedly grown considerably faster than government forecasts.
China's economy has fallen into an unexpectedly deep slump, confounding government forecasts for a measured slowdown.
Economists remain sceptical that growth will pick up in 2013, as the government forecasts.
The government forecasts total economic growth this year at 4.5 percent to 6 percent.
But in government forecasts, discretionary spending is slated to shrink significantly.
That analysis echoes views expressed in other private and government forecasts.
The government forecasts a budget deficit of 3.6% of GDP, down from 4.1% in 2013.
At the time, Scottish government forecasts said £180bn more could be spent.
The institutes, whose analysis influences government forecasts, also said they expected subdued economic growth.
While the government forecasts more austerity, will there be a hard choice ahead?
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