Hints and tips:
...Together, we expect potential growth to fall about a quarter from just over 2% to 1.6% pa....
...That means curbing net migration by about two-thirds, shaving about 0.4pp off GDP growth pa....
...I think it is more plausible to assume a 4-5 per cent of GDP loss of output via trend growth being on average c.1 per cent pa lower for 4-5 years due to the credit crunch....
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