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11.01.2019 21:53

UK economic growth looks set to slow to a quarterly rate of 0.3% in the fourth quarter of 2018 from 0.6% in the third quarter - NIESR

This profile is marginally lower than the 0.4 per cent that we had published last month and points to GDP growth of 1.5 per cent in 2018.

According to the forecast, growth in the final quarter is driven by the service and construction sectors. The slowdown in the manufacturing sector explains most of the weakness in fourth quarter output.

NIESR expect economic growth to recover modestly in the first quarter of this year to 0.4 per cent, but the risks to our forecast are skewed to the downside because of uncertainty related to Brexit.  

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