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UK Economy Expands Marginally In Q4

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

The UK economy expanded marginally in the fourth quarter, data from the Office for National Statistics showed on Thursday.

Gross domestic product grew 0.1 percent sequentially, the same pace of increase as seen in the previous quarter. This was slightly weaker than the forecast of 0.2 percent.

On a yearly basis, GDP was up 1.0 percent compared to economists' forecast of 1.2 percent.

Growth in the latest quarter was driven by an increase of 1.2 percent in production, while the construction sector fell 2.1 percent and the services sector showed no growth.

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