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Weak UK GDP sets scene for further QE

Skeleton outside Canary Wharf
Skeleton outside Canary Wharf

This morning's Q4 GDP numbers while disappointing weren't that much of a surprise given the weakness of some of the recent economic data, especially in respect to industrial and manufacturing production.


It is also worth noting that this is the first estimate of GDP, at -0.2% will no doubt be subject to significant revision, while Europe's problems are well documented.