NIESR: August GDP Tracker suggests that growth is set to nudge higher to 0.5% in the third quarter

13 Aug 2018 11:33 AM

UK economic growth back on track

Main points

Amit Kara, Head of UK macroeconomic forecasting, said “The economy recovered in the second quarter after the unexpected slowdown in the first quarter. Growth is now close to our estimate of potential. Looking ahead, there is some evidence to suggest that services sector output has stabilised while the relatively small construction sector continues to gather momentum. GDP growth is expected to strengthen to 0.5 per cent in the third quarter.”

Our next GDP Tracker will be published on the 10th of September.

Please find the full commentary in attachment

Notes for editors: 

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