The Office for National Statistics reported Thursday that the quarter-on-quarter growth was dominated by services, with strong contributions from retail sales and travel agency services — consumer-based industries that capitalized on confidence by the public.
Dennis de Jong, managing director at UFX.com, noted the growth came despite global uncertainty, Donald Trump`s victory in the United States and the prospect of a sharp break with the European Union.
He says that prospects remain uncertain for the future, and a sharp slowdown is still expected later this year.
Britain`s economy grew at robust pace at end of 2016
26 January 2017
Read: 1061
Britain`s economy grew by a rate of 0.6 percent in the last three months of 2016, as the country continued to demonstrate resilience in the months after the vote to leave the European Union.
-1780923278.jpg&h=190&w=280&zc=1&q=100)
