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UK GDP growth sticks at 0.5 per cent in fourth quarter

first_imgThursday 26 February 2015 5:21 am whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBall Emma Haslett Share The Office for National Statistics today reaffirmed its findings that the UK’s gross domestic product (GDP) grew 0.5 per cent in the fourth quarter.The figure was unrevised from the ONS’ original estimate. It added that 2014 GDP growth was 2.6 per cent, also unrevised, the UK’s highest growth since 2007, which made the UK the fastest-expanding G7 economy in 2014. Meanwhile, another report from the ONS suggested the economy’s output was still unbalanced, with output in the services sector rising 0.8 per cent on the third quarter, while industrial production rose just 0.1 per cent and the construction sector actually contracted by 2.1 per cent. Howard Archer, an economist at IHS Global Insight, said the figures suggested the economy was on track to grow faster in 2015. With oil prices expected to stay very low and earnings growth now trending up, the economic fundaments currently look broadly positive for the United Kingdom in 2015 – especially for consumers. Furthermore, we expect Eurozone growth to see improvement in 2015, which will help UK exports.  UK GDP growth sticks at 0.5 per cent in fourth quarter Show Comments ▼ last_img read more

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