UK Q4 GDP figures to be published today

| January 25, 2011 | 0 Comments

The initial reading of fourth quarter economic growth will be published today by the Office for National Statistics (ONS).

Analysts expect growth to have slowed significantly to 0.2% in the quarter, down from 0.7% in the third quarter and 1.1% in the April to June period.

Today’s estimate, however, is the first of three and could be revised upwards or downwards in the coming months since at this stage, only 40% of the data is available.

Economic growth is expected to slow considerably over the next few quarters due to the Government’s massive spending cuts.

However, a double dip recession is unlikely, according to experts. Should growth slow significantly in the coming months, there is a possibility that the Bank of England may restart its quantitative easing (QE) scheme to boost growth within the economy.

The ONS will publish the figures at 9.30am.

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