For 2012, ISI likewise cut its forecast to 6% growth, down from 10%, with consumer sectordemandof 8%, down from a previously forecast 12%, and commercial growth of 4%, down from a previously expected 7%.
But when Mr Osborne drew up his plans to cut public borrowing, he did think he could count on the private sector - especially private sectordemand from the rest of the world - to fill most of the gap.
Both within and outside of the auto sector, the confluence of policy, consumer demand and automaker investment will boost employment and the economy as a whole.