U.K. GDP Growth Slowed to 0.1% in Second Quarter, Niesr Says

U.K. economic growth slowed to a virtual standstill in the second quarter, supporting the case for the Bank of England to maintain record-low interest rates, the National Institute of Economic and Social Research said.

Gross domestic product expanded 0.1 percent, the group, whose clients include the Bank of England and the U.K. Treasury, said in an e-mailed statement in London today. Government data show the economy effectively stagnated over the fourth and first quarters.