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Prospects for the UK Economy
Published online by Cambridge University Press: 26 March 2020
Extract
GDP growth slowed below trend in the second half of last year. At the time of writing, before the initial estimates of GDP growth for the fourth quarter of 2004 are released, we estimate that GDP expanded by 0.4 per cent in the final quarter of last year. The weakness in GDP growth reflects in large part the poor performance of industrial production in the second half of last year.
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- Copyright © 2005 National Institute of Economic and Social Research
Footnotes
The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, Ernst and Young LLP, Marks and Spencer plc, The National Grid Company plc, Nomura Research Institute Europe Ltd, Rio Tinto plc, Unilever plc and Watson Wyatt LLP.