GDP International Comparisons: data and forecasts for the UK and the world's largest economies.Jump to full report >>
GDP in the UK grew by 0.2% in Q4 2018 compared with the previous quarter. The Eurozone also saw growth of 0.2%, with Germany at 0.0%. Data for the US has not yet been published.
The European Commission released new forecasts on 7 February, downgrading its forecasts for 2019 Eurozone growth from 1.9% at the time of its previous November forecast to 1.3%. This reflects weakening growth prospects in Germany and Italy, in particular.
The IMF released new forecasts on 21 January, leaving its UK GDP growth forecasts for 2018 (1.4%) and 2019 (1.5%) unchanged compared with its previous October forecast. Forecasts for global GDP growth in 2019 were lowered largely due to weaker expected growth in the Eurozone and some emerging economies such as Turkey.
Commons Briefing papers SN02784
Author: Daniel Harari