February 2013 GDP estimates

Our monthly estimates of GDP suggest that output grew by 0.0 per cent in the three months ending in January 2013 after a decline of 0.3 per cent in the three months ending in December 2012. We expect the UK economy to expand this year, but at a relatively modest pace. NIESR’s latest quarterly forecast (published 5th February 2013) projects growth of 0.7 per cent per annum this year and 1.5 per cent in 2014.

 

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