Britain’s 0.2% growth rate puts it on a par with Italy, while Canadian economy expanded by 0.9% in first quarter

The UK has slumped to the bottom of the league table of advanced economies after Canada registered stellar growth in the first three months of the year.

Canada was the final member of the G7 to report its growth figures, which confirmed the UK as officially the joint worst performing member so far this year. The announcement marked a significant decline for the UK economy, which a year ago was outshining Germany, the US and Japan. In February it was announced that Germany had pipped the UK as the fastest growing G7 nation during 2016 by just 10 basis points.

Continue reading…

Facebook Comments

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