25 Apr 2016
UK: Expected to have grown by 0.4% in Q1 15 - BBH
Research Team at BBH, suggests that the UK is also expected to have grown by 0.4% in Q1 15.
Key Quotes
“It expanded by 0.6% in Q4 15, which is the average quarterly pace over the past three years. The year-over-year pace may edge down to 2.0% (from 2.1%), which would be the slowest since Q1 13 and represents the fourth consecutive quarter of slowing.
As the UK economy has been gradually slowing, we are not convinced the slowing in Q1 was due to Brexit fears. This may be more of an issue for Q2.”
Key Quotes
“It expanded by 0.6% in Q4 15, which is the average quarterly pace over the past three years. The year-over-year pace may edge down to 2.0% (from 2.1%), which would be the slowest since Q1 13 and represents the fourth consecutive quarter of slowing.
As the UK economy has been gradually slowing, we are not convinced the slowing in Q1 was due to Brexit fears. This may be more of an issue for Q2.”