UK NIESR: GDP growth to be flat in Q4, but contraction risk elevated

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UK NIESR: GDP growth to be flat in Q4, but contraction risk elevated

UK NIESR said, today’s data confirmed a “production-driven contraction in GDP in Q3. It’s expectation GDP growth to be flat in Q4. However, “given that October PMIs recorded figures below the neutral 50 for both the services and manufacturing sectors, consumer and business confidence is plummeting, and higher-than-expected inflation and interest rates continue to squeeze […]

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Source: UK NIESR: GDP growth to be flat in Q4, but contraction risk elevated