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UK growth accelerated in the fourth quarter of last year

Wednesday, February 22, 2017 4:21
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(Before It's News)

The fourth quarter saw UK growth speed up to 0.7% for the three months. The quarterly pattern last year according to the ONS was 0.2% in Q1, 0.6% in each of Quarters 2 and 3, and 0.7% in Q4.  The ONS says this amounts to 1.8% growth for the year as a whole, though the four quarters as reported gives you a figure of 2.1%.  What is clear from these figures is the economy grew faster after the Brexit vote than before by a decent margin, the opposite of the official and expert forecasts at the time.



Source: http://johnredwoodsdiary.com/2017/02/22/uk-growth-accelerated-in-the-fourth-quarter-of-last-year/

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