-BOE Forecasts -0.2% Growth For Q4; 0.25% for 2013
-Clarifying Earlier Report
LONDON (MNI) – The Bank of England has forecast growth to fall in
the fourth quarter and expects to see virtually no growth throughout the
whole of 2013.
Figures released today showed the BOE forecasting year-on-year
growth of 0.5% in Q4 which according to MNI calculations means GDP is
forecast to fall 0.19% on the quarter.
Growth is expected to pick up slowly throughout 2013 with output
expected to rise 0.25% q/q in Q1, 0.36% in Q2, 0.5% in Q3 and 0.53% in
Q4. For 2013 growth is expected to come in at just 1.25%, before rising
to 2.00% in 2014.
–London newsroom 0044 20 7862 7491; email: puglow@marketnews.com
[TOPICS: M$B$$$,M$$BE$]
