Deloitte senior economist comments on today's GDP figures

Commenting on the latest GDP figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:

“Growth came in below expectations in February as supply disruptions stunted manufacturing activity. With the full impact of the war in Ukraine likely to have been felt only in March, this weakness is expected to continue, making for a muted end to the first quarter.

“UK growth seems to be losing momentum just as the most significant inflationary pressures take hold. This, along with sharply lower consumer confidence and spending power, point to potentially slower interest rate rises than expected.”

-ENDS-

Notes to editors

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