August 2016 GDP Estimates
Our monthly estimates of GDP suggest that output grew by 0.3 per cent in the three months ending in July 2016 after growth of 0.6 per cent in the three months ending in June 2016.
James Warren, Research Fellow at NIESR said “We estimate that in the three months to July the UK economy grew by 0.3 per cent, a marked economic slowdown. The month on month profile, suggests that the third quarter has got off to a weak start, with output declining in July. Our estimates suggest that there is around an evens chance of a technical recession by the end of 2017.”