News

GDP growth increased in Q4 2016

GDP growth increased by 0.6% during the last quarter of 2016, according to the Office for National Statistics.

 

This was the same rate of growth as in Q2 and Q3 with consumer spending a strong contributor.

Ian Forrest, investment research analyst at The Share Centre, said:

“It is widely expected that GDP growth will moderate slightly in the UK this year, but any forecasts should be taken with a large pinch of salt given all the uncertainties around at the moment.”

Ian Kernohan, economist at Royal London Asset Management, said:

“Looking ahead to 2017, the major question is whether a squeeze on real household incomes, and the impact of Brexit uncertainty on the corporate sector, will be offset by the benefits of cheaper sterling against a stronger backdrop of global economic growth.”

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