Article 9XT7 GDP figures: ONS's latest data suggests economic growth is slowing

GDP figures: ONS's latest data suggests economic growth is slowing

by
Heather Stewart
from on (#9XT7)

City experts' belief that GDP figures would be revised up has proved unfounded, raising fears the recovery is stalling

The first thing to remark about this morning's GDP figure from the Office for National Statistics - its second take on economic growth in the first three months of the year - is that it has not changed. Or in the words of one analyst, it remains "disappointingly unrevised" from the initial 0.3% estimate.

When that weak number was announced in the thick of the general election campaign, City experts said it was too pessimistic and would be wiped away when the ONS had had more time to collect data.

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