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Deloitte chief economist comments on this morning's GDP figures

11 November 2019

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

“This is a pretty respectable performance given the headwinds from the global slowdown, protectionism and Brexit uncertainties. But with businesses focussed on cutting costs, wages and jobs are likely to come under pressure. The outlook for 2020 is for more sub-par growth.”

End

Notes to editors

About Deloitte
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

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