UK GDP Comes In RIGHT In Line With Expectations At 0.5%

The good news: It wasn’t a total disaster.

After last quarter’s shock negative rating, everyone was bracing for the worse. Instead, we just got a really 0.5% anemic number, which was as expected.

Austerity FTW!

Update: You can find the full breakdown here (.pdf).

Note the huge tailoff in construction spending.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

england moneygame-us