Press releases

Q2 GDP figures

“This recovery has legs”

25 July 2014

Commenting on the Office for National Statistics’ preliminary estimate of UK gross domestic product (GDP) for the second quarter of 2014, Ian Stewart, chief economist at Deloitte said:

“The UK economy is back to pre-crisis levels and has gone from being the world’s growth laggard to a growth leader.

“Not only is UK growth likely to outpace the other major industrialised nations this year, it is also likely to outpace some emerging economies.

“Crucially, growth is broadening out and looking more sustainable, with corporate hiring and capital expenditure playing a bigger role. This recovery has legs.”

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.
 

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