LONDON: The UK economy grew by 2.6 percent last year. It was the fastest pace since 2007 and up from 1.7 percent in 2013, official figures have shown.
Figures from the Office for National Statistics (ONS) showed the economy grew by 0.5% in the final three months of 2014.
That was a slowdown from 0.7% growth recorded in the previous three months.
Economists were mixed over whether the loss of momentum in the final quarter might be temporary or prolonged.
The ONS’s chief economist, Joe Grice, said it was “too early to say” if this slowdown would persist.
“The dominant services sector remains buoyant while the contraction has taken place in industries like construction, mining and energy supply, which can be erratic,” he said.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
