British GDP Growth

January 25, 2011

The U.K. economy contracted 0.5% (about 2.0% annualized) in the final quarter of 2010 following four straight quarters of post-recession expansion.  Analysts had anticipated a 0.3-0.5% advance instead, down from 0.7% in 3Q and 1.1% in 2Q.  Over those two quarters, GDP had risen at a robust annualized pace of 3.7%.  Unseasonably bad weather depressed […] More