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UK GDP Comment

Published 22/02/2017, 09:53
Updated 18/08/2020, 10:10

The UK economy grew faster than expected in the final quarter of 2016 with a 0.7% rise in GDP. This is marginally higher than the consensus estimate of a 0.6% increase which would have been in line with the prior reading.

This is clearly a positive sign for the UK economy but hasn’t seen to big an impact in the markets possibly due to an accompanying decline in business investment. Overall this reading serves as further evidence that the UK economy is chugging along nicely and showing little by the way of ill effects due to the impending Brexit.

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