Government forecasts put growth this year at 12 to 13 percent.
If birth rates do not increase, the population will plummet from 125 million today to a stunning 55 million by the year 2100, according to Government forecasts.
Some economists have predicted that this year's growth would fall below 1.5 percent, the low end of the last Government forecast.
Ridiculous Government forecasts become self-fulfilling.
Government forecasts for renewed growth have been reduced this year even as interest rates and inflation have dropped sharply.
Corn futures prices fell, and a Government forecast of the biggest crop ever is expected to push them down further.
The Government forecast of 6 percent economic growth this year is "chickenfeed," he said, and growth could amount to 8 percent.
This is £9 billion more than the Government forecast only six months ago.
Many economists expect growth this year of just 1 to 2 percent, compared with a Government forecast of 3.5 percent.
Government economic forecasts predict a doubling of unemployment from one million to two million by the end of 1991.