UK Q3 GDP unrevised as jump in imports drags down on growth
Posted on November 27, 2015 at 3:10 pm GMTSecond estimates of GDP growth in the United Kingdom did not deliver any surprises as the data was in line with expectations. Quarter-on-quarter growth was unrevised at 0.5%, while the year-on-year rate was also unchanged at 2.3%. However, the detailed analysis of GDP growth and its components shed some more light on the state of the UK economy, particularly, the growing deterioration of the UK’s trade situation. Exports grew by just 0.9% during the quarter as the stronger pound and [..]