Osborne will probably announce upgraded growth forecasts, for the second time in three months.
On the upgraded growth forecasts, Balls points out that growth will still lower than the chancellor's forecast in 2010 this yearr, next year, and after that".
UK economists give their reaction to the upgraded growth forecasts from the Office for Budget Repsonsbility, which now expects the economy to grow by 1.4% this year and 2.4% in 2014.
December 5, 2013 Updated at 11.35am GMT 11.25am GMT Twitter reacts to the upgraded growth forecasts hilaryosborne (@hilaryosborne) British people will no doubt be chuffed to have their "sacrifice and endeavour" acknowledged #autumnstatement December 5, 2013 Ros Altmann (@rosaltmann) Our economic plan is working - house price boom and more cheap debt?
"Borrowing, say, an additional £30bn over the next two years to spend on infrastructure would have provided a real boost to growth - perhaps even allowing the [Office for Budget Responsibility] to upgrade its growth forecast for once," said IPPR chief economist Tony Dolphin.
On October 8th the IMF sharply upgraded its growth forecast for 2013.
The chancellor will deliver his autumn statement on Thursday, and is expected to announce that the independent Office for Budget Responsibility has substantially upgraded its growth forecasts for this year and next.
And with the BoE expected to upgrade its growth forecasts, the yield on 10-year gilts has hit 2.73% up from 2.68% on Friday night.
An extra budget, which might be compiled before the end of the year, could convince economists to upgrade their growth forecasts.
The extra impetus would appear to be as a result of the decision by the World Bank to upgrade its growth forecasts for developed markets for 2014 and 2015.
NIESR said Britain's recovery was becoming more entrenched and upgraded its growth forecasts forecasts for 2014 and 2015 to 2.9% and 2.4% respectively.
