GDP: Deloitte chief economist comments
30 September 2015
Commenting on the Office for National Statistics’ latest estimate of UK gross domestic product (GDP), Ian Stewart, chief economist at Deloitte, the business advisory firm, said:
“Low inflation, cheap money and rising pay have rejuvenated the UK consumer.
“With manufacturing output slowing this isn’t the perfectly balanced recovery hoped for by policymakers.
“But rising consumer spending, which accounts for almost two-thirds of the economy, offers the best insurance policy against global weakness knocking Britain’s recovery.”
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
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The information contained in this press release is correct at the time of going to press.
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