In a press release this afternoon, the National Institute of Economic and Social Research (NIESR) has announced the Gross Domestic Product (GDP) growth has slowed to 0.3 per cent in the 3 months to February from 0.4 per cent in the 3 months to January.
Amit Kara, Head of UK Macroeconomic Forecasting at NIESR, said “Activity has eased slightly and is likely to slow further in March when the full impact of the recent extreme weather conditions will be realised. Economic growth continues to be driven by both the manufacturing and the service sectors, supported by a buoyant global economy, while construction output lags.”
Author: Stuart Langelaan
