27.01.2015 - Growth is slowing in the UK
The UK economy, which showed the highest growth among the developed countries have reduced GDP growth in the fourth quarter of 2014. Today was published preliminary data on growth of the British economy, which totaled 0.5% in the last quarter of the year. Analysts expected an increase of 0.6% and in the third quarter the UK economy grew by 0.7%. The fall of 1.8% was recorded in the construction sector and by 0.1% in manufacturing. At the same time, the growing service sector - by 0.8% and agriculture - by 1.3%. Compared to the same period last year, GDP grew by 2.7%, which is 0.1% worse than the forecast. Despite the weakening of growth, the growth of the stock market in the country will be supported by the launch of quantitative easing in the Eurozone.