In our previous GDP tracker, published in December, we observed that GDP contracted by 0.3 per cent in October relative to September, and remained flat in the three months to October relative to the previous quarter. In line with this profile of subdued economic activity, we forecast GDP to remain flat in the fourth quarter of this year. The ONS published quarterly national accounts (QNA) data for the third quarter of 2023 on 22 December. Most notably, the QNA data included revised GDP estimates for 2023Q2 and 2023Q3, where these were revised downward from first estimates of 0.2% and no growth, respectively, to no ... (full story)