UK economy loses pace as OECD warns of damage from Brexit

Economic growth slowed to 0.4% from 0.6% in the fourth quarter

27th April, 2016
UK economic growth slowed to 0.4% in the first quarter

Economic growth slowed to 0.4 per cent from 0.6 per cent in the final three months of 2015, as forecast in a Bloomberg survey of economists. The estimate, published by the Office for National Statistics in London, matched the weakest reading since the end of 2012. Gross domestic product rose 2.1 per cent from a year earlier.

The latest overview of the economy came as the Organisation for Economic Cooperation and Development issued a warning about the potential fallout from...

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