Britain loses top spot as ONS revises down annual growth to 1.8%,from an initial estimate of 2%Germany overtook the UK as the fastest growing among the G7 states during 2016. Europe’s largest economy expanded at the fastest rate in five years, showing growth of 1.9% last year.
The expansion pushed Britain into moment place among the G7 industrialised nations, or after the Office for National Statistics revised down annual UK growth to 1.8%,from an initial estimate of 2%. Related: Germany overtakes UK to become fastest-growing G7 economy in 2016 - commerce live German economy was marked by strong and regular growth during 2016, with GDP increasing 1.9% - highest rate of GDP growth among G7 countries.
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Source: theguardian.com