The 0.1% q/q decline in fourth-quarter GDP growth is going to get everybody very excited today, but this isn't the start of a new recession. First-quarter GDP growth is going to be pretty weak because of the expiry of the payroll tax cut, but there is nothing in this report to change our view that growth will accelerate as this year goes on.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services