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Latest data confirm slowdown in UK economic growth
UK economic growth looks set to slow to a quarterly rate of 0.4% in the fourth quarter of 2018 from 0.6% in the third quarter. This profile is unchanged from last month and points to GDP growth of 1.4 per cent in 2018. • Growth is being driven by the service sector and a continued robust performance from construction. Manufacturing industry showed no growth in the latest three months. Garry Young, head of macroeconomic modelling and forecasting at NIESR, said “The latest data confirm that UK GDP growth is slowing after a strong performance in the middle of the year, and the risks appear to be to the downside. ... (full story)
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