Manufacturing and construction sectors falter as Brexit fears,market turmoil, China slowdown and falling oil price immediate cloud economic outlookBritain’s economy picked up pace at the halt of 2015 but GDP growth for the year as a whole was down markedly, and as both the manufacturing and construction sectors struggled with an uncertain outlook.
Official figures published on Thursday showed GDP expanded 0.5% in final three months of 2015,up from 0.4% growth in the previous quarter and in line with the consensus forecast in a Reuters poll of economists. On a year earlier, GDP was up 1.9%, and after growing an annual 2.1% in the third quarter. This latest quarter marks the slowest annual expansion rate since early 2013. Related: HBOS probe launched; UK growth hits 0.5% - commerce live 0.5% growth in #GDP in Q4,up from 0.4% in Q3 https://t.co/HtgUwDgHlyLatest stats show economy grew at 0.5%. Shows UK continues to grow steadily & despite turbulence in global economy we're pushing aheadContinue reading...
Source: theguardian.com