Deloitte chief economist comments on today's GDP figures

Commenting on GDP figures, published by the ONS today, Ian Stewart, chief economist at Deloitte, said:

“GDP monthly estimate data is notoriously unpredictable, and May’s bounce of 0.5% partly reflects a surge in GP appointments which tell us little about the underlying state of the economy. With real incomes withering as prices rise, we expect a marked cooling in the pace of GDP growth through the summer and into the end of the year.”

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Notes to editors

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