-
NIESR Press Release: Monthly GDP Tracker - UK Output Stagnated at end of 2019
The UK economy is on course to post zero growth in the fourth quarter of 2019, consistent with growth of 1.4 per cent in 2019 as a whole. On the basis of recent trends we tentatively forecast service sector-driven growth of 0.3 per cent in the first quarter of 2020 (figure 1). • According to new ONS statistics published this morning, the UK economy grew by 0.1 per cent in the three months to November, a little faster than we had expected last month reflecting upward revisions to the September and October data. • Output fell by 0.3 per cent in November itself, with falls of 0.3 per cent in services and 1.7 per ... (full story)