This month’s headlines:
- UK GDP growth in Q1 unrevised at 0.2%, the lowest in the G7 and the EU.
- Retails sales fall as inflation continues to rise and wage growth weakens further.
- BCC forecasts anaemic growth, inflation and uncertainty likely weigh on the UK growth prospects.
The third official estimate for Q1 2017 UK economic growth (GDP) stood at 0.2%, unrevised from the previous estimate. The latest estimate of UK GDP growth also revealed that real household disposable income fell by 1.4% in Q1 2017, the largest decline since Q1 2013.
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