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Output Stagnating after Mid-year Rebound
The UK economy grew by 0.3 per cent in the third quarter of 2019 and is on course to grow by 0.2 per cent in the fourth quarter (figure 1). This would be consistent with GDP growth of 1.2 per cent in 2019, down slightly from 1.4 per cent in 2018. • According to new ONS statistics published this morning, the UK economy grew by 0.3 per cent in the third quarter, driven by growth in the services sector. This was a little weaker than we had forecast last month, partly reflecting downward revisions to the July and August data. GDP fell 0.1 per cent in the month of September, the second consecutive monthly fall, slightly ... (full story)