- Keeps 2014 forecast at 1.4%
- Says Q4 GDP will grow 0.2% vs Q3
- Says domestic demand to bolster economic expansion
- Oil price drop to boost consumer spending in 2015 up 1.6% and will counter impact from Ukraine
- 2015 forecast based on $70 oil price vs $100 in Sep forecasts
Another day and another downgrade to growth estimates. I just hope Europe doesn’t start banking on the fall in oil prices to save their arses as they’re likely to come unstuck at some point.
