NIESR Monthly GDP Tracker – UK economy slows as stockpiling boost fades

11 Jun 2019 12:30 PM

UK economy slows as stockpiling boost fades

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Main points

Garry Young, Head of Macroeconomic Modelling and Forecasting, said “The UK economy is on course to contract by 0.2 per cent in the second quarter.  The latest GDP data were weaker than expected, partly reflecting shifts in production around the original Brexit departure date, including a 24 per cent fall in car manufacturing. The underlying picture is also quite weak, with Brexit-related uncertainty at home and trade tensions abroad dragging on investment spending and economic growth”.

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