Rolling coverage of the latest economic and financial news, including the UK’s third-quarter GDP reportToday’s UK GDP report will provide “cold comfort”, even if the economy avoids shrinking, predicts Ben Laidler, analyst at trading and investment platform eToro.The economy may skirt recession for a further quarter, as the still resilient consumer offsets the manufacturing recession, however it will be a sixth straight quarter of no-growth economic stagnation and near all the lead indicators, from the sub 50 PMIs to 5.25% interest rates, point to a modest recession around the corner.“It feels like the calm in the eye of the economic storm before the buckling economy pulls inflation down and allows the Bank of England to cut interest rates.” Continue reading...