November 2012 GDP estimates

Our monthly estimates of GDP suggest that output grew by 0.5 per cent in the three months ending in October after growth of 1.0 per cent in the three months ending in September 2012. The economy is around 2.8 per cent smaller than before the onset of recession at the start of 2008. We expect the economy to expand by 1.1 per cent in 2013 and 1.7 per cent in 2014,returning GDP to its pre-recession level by the end of 2014. 

 

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