The UK economy at the end of 2016 as a whole grew by 2%, the rise was the lowest since 2013, but it was the most significant among the G7 countries, despite fears related to the withdrawal of Britain from the European Union. It is reported by Interfax.
The growth of the British economy slowed down compared with 2.2% in 2015 and coincided with the forecast of the International monetary Fund. According to IMF estimates, the US economy in 2016 rose 1.6%, Germany 1.7%, France and Canada – 1.3%, Italy and Japan – by 0.9%.
The economic recovery was largely due to the improvement in the services sector, which accounts for 80% of GDP.
These were only the first of three estimates of GDP dynamics in the UK and may be revised.
We will remind, earlier it was reported that according to the head of the NBU Valeria Gontareva, the Ukraine’s GDP growth in 2016 was 1.8%.