The country suffers from Brexit
In the last three months of last year, the British economy has slowed the expected growth in 2018 were the lowest over the past six years.
The slow growth was recorded on the background associated with Brexit fears.
GDP growth in the last quarter of 2018 decreased to 0.2% compared to 0.6% in the previous quarter. This figure corresponds to the average forecasts of economists surveyed by the Agency, although slightly lower than the Bank of England was estimated last week.
“In the last three months of last year, GDP growth slowed down because of sharply reduced production of cars and steel products, and construction”, – said the representative of the state Office of national statistics UK Rob Kent-Smith.
In General, for 2018, the growth rate fell to its lowest level since 2012 and 1.4% compared to 1.8% in 2017.
British exports suffering from the global economic weakening. At the same time, consumers and businesses are increasingly concerned about the lack of a plan after the withdrawal of Britain from the EU on March 29.
Last week the Bank of England lowered its growth forecast for this year by 0.5 percentage points, to 1.2% – so this year will be the weakest after the recession of 2009.