DJIA26089.61
LIVE-17.16(-0.07%)
NDX7479.11
LIVE-31.57(-0.42%)

U.K. Growth Revised Down as Consumers Hit by Inflation


Thursday, 22 February 2018 16:42 WIB

Ekonomi inggrisGDP Inggris


c_740_198_16777215_00_images_assets_Ekonomi2_ekonomi-inggris-1-641x330.jpg

The U.K. economy expanded less than previously estimated in the fourth quarter as consumers and businesses absorbed faster price increases.

Gross domestic product rose 0.4 percent, compared with an initial estimate of 0.5 percent, the Office for National Statistics said on Thursday. In 2017, GDP growth was revised down to 1.7 percent from 1.8 percent, the weakest since 2012.

Brexit continues to dominate the outlook for the economy, creating uncertainty for companies and consumers that’s holding back demand. The drop in the pound following the referendum is also driving prices up faster than wages.

“Services continued to drive growth in 2017, but with a number of consumer-facing industries slowing, as price rises led to household budgets being squeezed,” said Darren Morgan, head of GDP at the ONS.

Source : Bloomberg                                  


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.