Fact Service (June 2016)

Issue 26

UK economy grows


The UK economy, as measured by gross domestic product (GDP), grew by 0.4% in the first quarter of 2016 compared with the previous quarter. That's no change on previous estimates.


GDP was 2.0% higher than the same quarter 2015.


However, last year's growth compared with 2014 has been revised downwards to 2.2%.

www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/quarter1jantomar2016


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