UK economy slows as global slowdown and Brexit uncertainty weighs

April 27, 2016 10:24 AM

81 0

UK economy slows as global slowdown and Brexit uncertainty weighs

LONDON Britain's economy slowed at the start of this year, buffeted by a slowing global economy and uncertainty ahead of this year's referendum on European membership, as it relied solely on the services sector to drive growth.

First-quarter gross domestic product grew by 0.4 percent, down from 0.6 percent in the three months to December 2015 and in line with economists' forecasts of a 0.4 percent expansion, the Office for National Statistics said on Wednesday.

Also read: U.S. Corporate Profits Rose Again in Fourth Quarter

Read more

To category page

Loading...