KPMG comments on ONS Q4 GDP figures | KPMG | UK
Share with your friends

KPMG comments on ONS Q4 GDP figures

KPMG comments on ONS Q4 GDP figures

Yael Selfin, Head of Macroeconomics at KPMG in the UK, comments on today’s release of Q4 GDP figures from the ONS:


Also on

“The preliminary figures for Q4 GDP show the UK economy grew in line with our expectations of 2% in 2016, with another relatively strong quarter driven by business and leisure services. 

“The overall outlook for the world economy is positive. It is currently in much better health compared to just a few years ago. Commodity prices are on the rise, bolstering prospects for commodity exporting economies, while government spending in a number of G7 economies is set to pick up. Inflation is also increasing, and bond yields have been rising to reflect this, although most central banks are expected to adopt a relatively conciliatory stance, with monetary policy remaining relatively loose overall this year.

“The medium term outlook includes a period of significant uncertainty. The likelihood of more volatile markets (particularly in FX), and potential surprises that could have major impact on the economic and business environment, remains relatively high. This is already captured by uncertainties around the shape of Brexit in the UK, Donald Trump’s policy direction in the US, and the results of the various European elections this year. However, the voter dissatisfaction and anti-globalisation mood we inherited from last year could mean not just further impacts on trade but also other unexpected surprises.”




For media enquiries, please contact:

Jess Liebmann, KPMG Corporate Communications

T: 0207 311 3245

M: 07551 135778



KPMG Press Office

T:  +44 (0) 207 694 8773


About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Connect with us


Request for proposal