GDP growth revised down to five-year low

Written by Adam Cadle

UK GDP growth rose by just 0.4% in the fourth quarter of 2017, 0.1 percentage points down from its first estimate, according to the Office for National Statistics.

The growth downgrade means the economy grew by only 1.7% in 2017, lower than thought at first with a slower first quarter than earlier estimates.

This is a bigger slowdown from the 1.9 per cent expansion seen in 2016, and the slowest expansion since 2012.

Business investment growth was flat in the fourth quarter, although it rose by 2.1 per cent over the year.

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