New figures show that Britain’s economy grew even slower than first expected in the first three months of 2017


9.54am BST

Britain’s economy didn’t grow at all in the last quarter, if you account for the increase in population.

Today’s new figures show that GDP on a per-capita basis was flat in Q1 2017, compared to the final three months of 2016.

9.51am BST

The bad news is that net trade took a big bite out of Britain’s growth rate.

Net trade wiped 1.4 percentage points off the growth rate, dashing hopes that the weaker pound would be a massive boost to exporters.

Within net trade, there has been a rise in total imports, which have contributed negatively to UK GDP, with a notable contribution from transport equipment, machinery and chemicals.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.