UK 'far from plunging into recession' as GDP grows by 0.6% in Q4

Up by 2% over the whole year

Jayna Rana
clock • 2 min read

The UK economy grew by 0.6% between October and December 2016, beating analysts' expectations and bringing the total growth figure for the year to 2%, according to the Office for National Statistics.

The rate of growth for the fourth quarter last year was the same as the previous quarter, showing no evidence of a UK slowdown, fears of which were heightened following the Brexit vote. The figures for the last three months of the year came in slightly above analysts' expectations, who predicted a small slowdown to 0.5%.  Over 2016 as a whole, the economy grew by 2%, though this was lower than the annual growth for the previous year, which stood at 2.2%. Darren Morgan, head of GDP at the ONS, commented: "The initial ONS data show the economy ended 2016 with steady growth of 0.6% fo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Partner Insight: What are the implications of policies of the Trump Administration on EMD?

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM), shared his view on the implications of the policies introduced by the Trump Administration for emerging market debt (EMD). Murphy then explained the firm’s approach to the EMD segment.

Matthew Murphy, Institutional Portfolio Manager of the Emerging Markets Team at Morgan Stanley Investment Management (MSIM)
clock 12 June 2025 • 7 min read
US-China trade talks progress pending framework approval from Trump and Xi

US-China trade talks progress pending framework approval from Trump and Xi

Following London meetings

Linus Uhlig
clock 11 June 2025 • 1 min read
UK wage growth hits 5.2% in the three months to April as unemployment ticks up

UK wage growth hits 5.2% in the three months to April as unemployment ticks up

LFS credibility still uncertain

Linus Uhlig
clock 10 June 2025 • 2 min read
Trustpilot