ANALYST VIEWS | WILL THIS WEEK’S GDP FIGURES SHOW AN END TO THE RECESSION?

 
Ben Southwood
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HOWARD ARCHER IHS GLOBAL INSIGHT
“Our best guess is that the economy contracted by around 0.3 per cent quarter-on-quarter in the second quarter, which would leave GDP down 0.4 per cent year-on-year.”

PHILIP RUSH NOMURA
“Activity data have been gloomy but have not been in themselves consistent with a contraction in the second quarter. However, we forecast “growth” of only -0.3 per cent quarter on quarter.”

CHRIS WILLIAMSON MARKIT ECONOMICS
“The data available so far suggest that a GDP decline of 0.2 per cent seems possible, meaning the economy will have remained mired in its double-dip recession for a third successive quarter.”