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Prospects for the UK Economy

Published online by Cambridge University Press:  26 March 2020

Simon Kirby  and
Rachel Whitworth
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Extract

The persistent weakness of UK economic growth figures has dominated recent economic commentary. This debate continued with the release of the Office for National Statistics‘ (ONS) preliminary estimate of GDP growth for the second quarter of this year. The ONS estimates that the economy enjoyed only a modest expansion in the second quarter: 0.2 per cent per quarter. This implies the level of output is little changed from the third quarter of 2010. ‘One-off effects’ are partly responsible for the weak growth in the second quarter. We expect GDP growth to accelerate in the third quarter of this year (see figure 1), but this increase is likely to be flattered by the events of the second quarter.

Type
The UK Economy
Information
National Institute Economic Review , Volume 217 , July 2011 , pp. F46 - F67
Copyright
Copyright © 2011 National Institute of Economic and Social Research

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