Britain’s economy grew even less than we thought at the start of 2017
|05/25/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Britain’s economy grew just 0.2% in the first quarter of 2017, according to a second estimate from the Office for National Statistics released on Thursday, even lower than the preliminary reading released in late April.
The 0.2% growth in the first quarter marks the slowest growth since the beginning of 2016, the ONS said.
The slowdown in the British economy in the quarter was largely driven by a drop-off in consumer spending, the ONS said.
“UK GDP growth slowed to 0.2% in Quarter 1 2017 as consumer facing industries such as retail and accommodation fell and household spending slowed. read more >>>