Economics
U.K. Economy's Best Quarter in Two Years Hides Loss of Momentum
- GDP rises 0.6% but economy flatlines in August and September
- Business investment slumps most since 2016 ahead of Brexit
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Britain posted its fastest calendar quarter of economic growth in almost two years, but a sudden loss of momentum from August pointed to a slower pace of expansion in the run-up to Brexit.
Gross domestic product increased 0.6 percent in the third quarter from the previous three months, the most since the end of 2016, the Office for National Statistics said Friday. The figure was in line with forecasts.