Britains economy likely expanded 0 4 percent third quarter niesr

According to the National Institute of Economic and Social Research (NIESR), the UK's economy is likely to have expanded by around 0.4% in the third quarter of 2022. This is a relatively modest pace of growth, but still indicates that the economy is continuing to recover from the pandemic-induced recession.

The NIESR's estimate is based on a range of economic indicators, including data on GDP, employment, and consumer spending. The organization's forecast suggests that the UK's economy is likely to have grown by around 0.4% in the third quarter, following a 0.3% expansion in the second quarter.

While the pace of growth is still relatively slow, the NIESR's forecast suggests that the UK's economy is likely to continue to expand in the coming months, driven by a combination of factors including a rebound in consumer spending, a recovery in the services sector, and a boost from government spending.

It's worth noting that the NIESR's forecast is subject to a range of uncertainties, including the impact of the ongoing cost-of-living crisis, the effects of the war in Ukraine on global commodity prices, and the potential impact of the UK's departure from the European Union on trade and investment.