UK: Q1 GDP likely to grow by 0.3% - Nomura

Analysts at Nomura forecast 0.3% q-o-q GDP growth of the UK economy in the initial Q1 print.

Key Quotes

“There is no detail on the expenditure components in the first estimate – the numbers are constructed primarily from the output side of the accounts. Because the initial print is made up of only 40% of the information used for the final estimate of GDP, it can be subject to sizeable future revisions.”