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Forecast Overview
Publication year - 2018
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12337
Subject(s) - economics , real gross domestic product , demographic economics , econometrics
The preliminary estimate for Q1 GDP growth is likely to be relatively soft, as a result of two temporary factors. First, a week of snowy weather at the end of February/start of March appears to have caused significant disruption to activity. And second, the collapse of Carillion – the UK's second largest construction firm – caused construction output to plunge in January. As a result, quarterly GDP growth looks likely to come in at around 0.3%, though it could conceivably be weaker still.