AT JUST 68 pages, the spring budget Philip Hammond published on March 8th was less than half the length of last year’s. Blessedly short on the gimmicks favoured by many of his predecessors in the Treasury, its most significant chapter was on official forecasts. The economy has done much better than expected since the Brexit referendum last June (see article): it is forecast to grow by 2% this year, up from the 1.4% predicted in November and well ahead of the recession many feared.
When I am reading this essay in this month's THE ECONOMISTS, I don't get the meaning of that half sentence in bold. Can you help me this, Thanks!