Forecast Overview

摘要

The national accounts reported quarterly GDP growth of 0 4% in Q3, up from the preliminary estimate of 0.3%. This continued the run of volatile quarterly readings, with output having contracted 0.2% in Q2. And a series of soft monthly GDP readings, along with some very poor business survey results, suggest that GDP is likely to have flatlined in Q4. This would result in GDP growth of 1.3% for 2019 as a whole, in line with the 2018 outturn which was the weakest since the financial crisis.