
UK economic slows, rising question of economic health after Brexit
After a growth over the summer, Britain’s economy lost its speed in three months to October, latest official data shows.
According to the Office for National Statistics, GDP grows by 0.4 per cent from July to October, coming down from 0.6per cent, the rate of the third quarter of the year. In October, the GDP growth is 0.1 per cent. The increases are roughly flat in the three most recent month, August, September and October.
“The latest data confirm that UK GDP growth is slowing after a strong performance in the middle of the year, and the risks appear to be to the downside ” Garry Young, head of macroeconomic modelling and forecasting at NIESR recommends.
In this three months, services sector, with a 0.3 per cent growth, and construction sector are the main contributors to GD