NEISR said that UK economy is on course to grow by 0.5% in Q3, then slow to 0.3% in Q4. And that would be consistent with 1.3% GDP in 2019 as a whole, just slightly down fro 1.3% in 2018.
Garry Young, Director of Macroeconomic Modelling and Forecasting: “Despite better than expected GDP data, the underlying pace of growth in the United Kingdom is slow. The strongest source of private sector demand is household consumption, driven by real wage growth, but this is not sustainable without a pick-up in productivity growth, and this seems unlikely in the near term.”
