Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
A Year of Books
Account Services

UK GDP figures 'worse than expected'

25th February 2011

A revised report from the Office for National Statistics (ONS) has suggested that the UK's economic slowdown at the end of 2010 was even worse than expected.

In its second reading of fourth quarter gross domestic product (GDP) data, the ONS revealed that the country's output fell by 0.6 per cent - worse than last month's preliminary reading of 0.5 per cent.

David Kern, chief economist at the British Chambers of Commerce, described the data as 'disappointing' but said it is important not to be too despondent.

'There are signs that growth rebounded in the first quarter of this year, and it is important to remember that the fourth quarter figures were affected by severe weather conditions,' he explained.

Some analysts were less optimistic, with Howard Archer, chief UK and European economist at IHS Global Insight, suggesting that 'major question marks' remain over the future of the country's economic growth.

© W&G Foyle Ltd
Foyles uses cookies to help ensure your experience on our site is the best possible. Click here if you’d like to find out more about the types of cookies we use.
Accept and Close