In our previous GDP tracker, published in November, we observed that GDP grew by 0.2 per cent in September relative to August, but remained flat relative to the previous three-month period. These three-month-on-three-month data imply that economic growth remains sluggish. In line with this profile, we forecast GDP to grow by 0.1 per cent in the fourth quarter of this year. Today’s data suggest that monthly GDP contracted by 0.3 per cent in October, driven by decreased services output and exacerbated by declines in production and construction output as well. Looking at the broader picture, GDP remained flat in the ... (full story)