Press releases

Deloitte chief economist comments on today's GDP figures

13 July 2022

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.”


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 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.

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