GDP LIVE: UK holds its breath ahead of growth figures after flatlining in third quarter (Image: GETTY) The Office of National Statistics (ONS) will announce the UK's latest GDP estimation today, but Britain remains on tenterhooks following the third quarter's flatline. Gross domestic product (GDP) measures the value of goods and services produced in the UK. The results are used to estimate the size and growth of the economy . The UK's economy experienced slight growth in Q1 and Q2, expanding by one percent and two percent, respectively. Nevertheless, due to ongoing stringent fiscal measures aimed at addressing the country’s…
