UK economy loses momentum as pace of growth revised lower

GDP rose 0.4% between July and September instead of the 0.5% previously estimated

23rd December, 2015
GDP rose 0.4% between July and September instead of the 0.5% previously estimated

The UK economy expanded less than previously estimated in the past two quarters in a sign growth is losing some momentum.

Gross domestic product rose 0.4 per cent between July and September instead of the 0.5 per cent previously estimated, the Office for National Statistics in London said. Growth in the second quarter was revised down by 0.2 percentage points to 0.5 per cent.

The revisions indicate a loss of momentum in an economy that continues to rely heavily...

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