UK economy slowest in six years on Brexit and global worries


Britain's Prime Minister Theresa May arrives at a news conference after an extraordinary EU leaders summit to finalise and formalise the Brexit agreement in Brussels, Belgium November 25, 2018. - Reuters

LONDON: Britain’s economy slowed sharply in late 2018, pushing full-year growth to its weakest in six years as Brexit worries hammered investment by companies and the global economic slowdown weighed on trade, official data showed.

The pace of economic growth fell to a quarterly rate of 0.2% between October and December from 0.6% in the previous quarter, in line with forecasts in a Reuters poll, while output in December alone dropped by the most since 2016.

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Business , UK , GDP. economy

   

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