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UK economy grew at weakest pace in five years in 2017 says PwC

“The UK slowdown comes as GDP growth in the eurozone and the US picks up strongly” writes Ben Chu for independent.co.uk. The Office for National Statistics will release its preliminary official estimate for Q4 2017 growth on 26 January.This would take calendar year growth to 1.8 per cent, down from 1.9 per cent in 2016 and the weakest expansion since the 1.5 per cent growth seen in 2012, at the height of the eurozone crisis.PwC’s forecast for the UK is notably weaker than the latest GDP estimate earlier this week from the National Institute for Economic and Social Research (Niesr), which estimated 0.6 per cent growth in the final quarter.
 
Source: independent.co.uk



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