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Deloitte senior economist comments on today's ONS GDP figures

10 February 2023

Commenting on the latest GDP figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:

“The UK avoided a recession last year but by the slimmest of margins. Going by recent data revisions, today's figures could well be revised downwards in a few months, painting a very different picture for growth.

“Recession or not, UK growth has stagnated for some time now. Despite the marginal improvement in sentiment over the last few weeks, we continue to forecast a contraction in GDP this year.”