LONDON — Britain's economy grew just 0.2% in the first quarter of 2017, according to a second estimate from the Office for National Statistics released on Thursday, even lower than the preliminary reading released in late April.
ADVERTISEMENT
Britain's economy grew even less than we thought at the start of 2017
The ONS released the second estimate of GDP growth for the first quarter of 2017 on Thursday
null
ADVERTISEMENT
Recommended articles
"UK GDP growth slowed to 0.2% in Quarter 1 2017 as consumer facing industries such as retail and accommodation fell and household spending slowed. This was partly due to rising prices. Construction and manufacturing also showed little growth, while business services & finance continued to grow strongly," it said.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
10 best airports in Africa in 2024
10 most expensive cities in Africa in 2024
Illegal money changers adapt to Zimbabwe's ZiG currency rollout
Zimbabwe's ZiG currency printing contingent on reserve sufficiency
The global workforce is set to collapse without Africa
500 millionaires fall off in Kenya - here’s why
Top 10 African countries with the most centi-millionaires in 2024
7 most influential Africans in the world 2024 -TIME
