GDP growth has been revised from 1.3% to 1.1% in Q3 2021.
However, upward revisions to 2020 means GDP in Q3 is 1.5% below its pre pandemic level ow.ly/7tzw50Hh5Ui
Commenting on today’s revised GSP figures, ONS Director of Economic Statistics, Darren Morgan said:⬇️
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Darren continued:⬇️
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Darren also added:⬇️
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Also commenting on today’s Balance of Payments figures, Darren said:⬇️
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The Household saving ratio fell to 8.6% in Q3 2021 as household spending increased on restaurants & hotels, transport and recreation & culture ow.ly/7tzw50Hh5Ui
The underlying current account deficit widened to £21.7bn (3.7% of GDP) in Q3 ow.ly/C7ZZ50Hh60y
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