Click here for our Clash of the Titans page.

Q3 '16 GDP Growth: 0.5% (Preliminary estimate)
Average Prediction: 0.6%
Number of Correct Forecasts: 115/558
Highest Oil Price: $53 (8th Jun)
Competition Progress: 92.3% complete

Preliminary estimates suggest that the rate of GDP growth fell in the third quarter of 2016 to 0.5%. Positive growth was facilitated largely by the services sector, which grew by 0.8%.

Q3 brings with it the first full quarter of GDP data after Brexit. While this rate of growth can be seen as somewhat positive in light of the UK’s withdrawal from the European Union, average competition predictions were slightly more optimistic at 0.6%. Despite this, over 20% of people predicted the correct level of growth.

None of the Titans managed to accurately predict GDP growth for Q3, however the average of their predictions was correct. Rain Newton-Smith (LSE) was closest with 0.6% whilst Jonathan Portes (Oxford) and Sean Holly (Cambridge) were equally far away with 0.3% and 0.7% respectively.

As always with preliminary estimates, this figure may change considerably over the next couple of months. Should this occur, the Clash of the Titans forecasting competition standings are likely to shift too.

Click here for a summary of the results so far, or here for the full standings.

Q3 '16 GDP Growth: 0.5% (Preliminary estimate)
Average Prediction: 0.6%
Number of Correct Forecasts: 115/558
Highest Oil Price: $53 (8th Jun)
Competition Progress: 92.3% complete

Preliminary estimates suggest that the rate of GDP growth fell in the third quarter of 2016 to 0.5%. Positive growth was facilitated largely by the services sector, which grew by 0.8%.

Q3 brings with it the first full quarter of GDP data after Brexit. While this rate of growth can be seen as somewhat positive in light of the UK’s withdrawal from the European Union, average competition predictions were slightly more optimistic at 0.6%. Despite this, over 20% of people predicted the correct level of growth.

None of the Titans managed to accurately predict GDP growth for Q3, however the average of their predictions was correct. Rain Newton-Smith (LSE) was closest with 0.6% whilst Jonathan Portes (Oxford) and Sean Holly (Cambridge) were equally far away with 0.3% and 0.7% respectively.

As always with preliminary estimates, this figure may change considerably over the next couple of months. Should this occur, the Clash of the Titans forecasting competition standings are likely to shift too.