Headline GDP growth fell to its lowest in a year last quarter. But we think the figures still overstate the pace of economic expansion by at least 1.0%-pts. The September activity data were mixed – they suggest that output growth was broadly steady at the end of Q3, but only because resilient exports made up for weaker domestic demand.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
