{"id":43998,"date":"2023-12-13T00:39:07","date_gmt":"2023-12-13T00:39:07","guid":{"rendered":"https:\/\/cabanesetcompagnie.com\/?p=43998"},"modified":"2023-12-13T00:39:07","modified_gmt":"2023-12-13T00:39:07","slug":"gdp-live-britain-braced-for-growth-figures-after-flatlining-in-third-quarter","status":"publish","type":"post","link":"https:\/\/cabanesetcompagnie.com\/world-news\/gdp-live-britain-braced-for-growth-figures-after-flatlining-in-third-quarter\/","title":{"rendered":"GDP LIVE: Britain braced for growth figures after flatlining in third quarter"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/23\/590x\/secondary\/JEREMY-HUNT-ECONOMY-GDP-5111901.jpg?r=1702399704386\"><\/p>\n<p>The Office of National Statistics (ONS) will announce the UK&#8217;s latest GDP estimation today, but Britain remains on tenterhooks following the third quarter&#8217;s flatline.<\/p>\n<p>Gross domestic product (GDP) measures the value of goods and services produced in the UK. The results are used to estimate the size and growth of the economy.<\/p>\n<p>The UK&#8217;s economy experienced slight growth in Q1 and Q2, expanding by one percent and two percent, respectively. Nevertheless, due to ongoing stringent fiscal measures aimed at addressing the country\u2019s stubborn inflation rate, the ONS estimated that the economy showed no growth in the period from July to September (Q3).<\/p>\n<p>Chancellor Jeremy Hunt subsequently faced calls to cut taxes to ease the pressure on struggling Britons, however, he maintained such cuts would only &#8220;fuel&#8221; inflation and that the country &#8220;must stick to the plan&#8221; to bring rapidly rising costs down.<\/p>\n<p>However, following &#8220;stronger than expected&#8221; global growth, the Organisation for Economic Co-operation and Development (OECD) forecasted last month that UK GDP could grow as much as 0.5 percent in 2023 (up from 0.3 percent in its previous forecast) and by 0.7 percent in 2024 (down from 0.8 percent).<\/p>\n<p>The International Monetary Fund (IMF) also forecasted UK GDP growth of 0.5 percent in 2023, up from 0.4 percent in its previous forecast.<\/p>\n<p>ONS will announce the latest estimation at 7am today.<\/p>\n<p><b>FOLLOW BELOW FOR LIVE UPDATES&#8230;<\/b><\/p>\n<h3>Good morning<\/h3>\n<p>Hello and good morning,<\/p>\n<p>We&#8217;ll be bringing you updates throughout the day on the UK&#8217;s latest Gross Domestic Profit (GDP) estimation with news and views as we get them.<\/p>\n<ul>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Support fearless journalism<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Read The Daily Express online, advert free<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Get super-fast page loading<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/logo\/logo-premium-subscription.png\"><br \/>\nSource: <a href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/1844825\/gdp-live-growth-economy-figures-latest\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Office of National Statistics (ONS) will announce the UK&#8217;s latest GDP estimation today, but Britain remains on tenterhooks following the third quarter&#8217;s flatline. Gross domestic product (GDP) measures the value of goods and services produced in the UK. The results are used to estimate the size and growth of the economy. The UK&#8217;s economy experienced slight growth in Q1 [&#8230;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GDP LIVE: Britain braced for growth figures after flatlining in third quarter - cabanesetcompagnie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cabanesetcompagnie.com\/world-news\/gdp-live-britain-braced-for-growth-figures-after-flatlining-in-third-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDP LIVE: Britain braced for growth figures after flatlining in third quarter - cabanesetcompagnie\" \/>\n<meta property=\"og:description\" content=\"The Office of National Statistics (ONS) will announce the UK&#8217;s latest GDP estimation today, but Britain remains on tenterhooks following the third quarter&#8217;s flatline. Gross domestic product (GDP) measures the value of goods and services produced in the UK. The results are used to estimate the size and growth of the economy. 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Gross domestic product (GDP) measures the value of goods and services produced in the UK. The results are used to estimate the size and growth of the economy. 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