Press releases

Deloitte chief economist GDP figures comment

24 August 2017

Commenting on the latest GDP figures, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:

“The post-referendum drop in the pound has knocked consumer spending and hit growth. UK exporters are upbeat, but this has yet to translate into stronger export volumes.

“Over the next 18 months the UK will likely see subpar growth, but exports and manufacturing can help offset the headwinds from a weaker consumer.”

End

Notes to editors

About Deloitte
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Deloitte LLP is a subsidiary of Deloitte NWE 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.

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