Commenting on today’s ONS GDP figures, Debapratim De, director of economic research at Deloitte, said:
“The contraction in GDP in January was unexpected. But the weakness in momentum it reflects is no surprise. We continue to expect sluggish growth through spring, with fiscal easing driving a pickup in activity over the summer months.”
-Ends-
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited.