UK: Expect the second estimate for GDP to confirm slowdown to 0.3% q/q - Natixis

Sandeep Kanihama FXStreet Contributor

The research team at Natixis explains that in the United-Kingdom, they expect the second estimate for GDP to confirm slowdown to 0.3% q/q in Q1 from 0.7% in Q4.

Key Quotes

“We project that business investment continued to contract in Q1 (-1% after -0.9% in Q4), net exports were neutral on the quarter after having added 1.7pp in Q4, and private consumption has registered a slowdown to 0.4% in Q1 from 0.7% in Q4, as rising inflation and slowing momentum in pay growth have curbed household purchasing power.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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