UK: GDP to decelerate from 0.7% q/q in Q4 to only 0.4% q/q in Q1 - TDS

The research team at TDS points out that the markets are looking for UK GDP to decelerate from 0.7% q/q in Q4 to only 0.4% q/q in Q1.

Key Quotes

“We think that the risks lie to the upside and look for +0.5%. GDP has come in above consensus in 3 of the last 5 quarters, and on consensus the other 2 quarters, so we’ve seen a long pattern of markets underestimating the strength of the UK economy.”