GDP growth lower than expected

GDP growth lower than expected
Richard Wilson The economy’s gross domestic product (GDP) grew at its slowest rate since 1995 in the first three months of this year. The 0.4 per cent increase in the first quarter from the previous one was lower than anticipated. This is likely to remove pressure for further interest rate rises as the economy shows signs of slowing down. GDP was 2.8 per cent higher than a year ago.


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