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Navigating the UK's Shifting Economic Landscape
Compared to our previous GDP tracker, published in December, the outturn for month-onmonth GDP growth performed marginally better than projected – a growth of 0.1 per cent – driven mainly by growth in the Services sector, compared with our forecast of 0.1 per cent for the month of November. Looking at the broader picture, real GDP did not grow in the three months to November relative to the previous three months. As expected, economic momentum has been losing steam following the strong recovery in the first half of last year. Building on this gloomy business outlook and momentum, along with higher-frequency data, ... (full story)