Press releases

Deloitte senior economist comments on today's GDP figures

10 December 2021

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

“Economic activity grew at a slower pace than expected in October. The contraction in hospitality and accommodation services suggests that demand was already slowing, well before the emergence of the Omicron variant.

“This, in addition to labour and supply shortages, makes for a weak start to the fourth quarter. Today's data significantly increases the chances of the Bank of England holding off from a rate rise next week.”


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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