British growth slows to 0.2% in second quarter

26th August 2011, Comments 0 comments

Britain's economy slowed sharply in the second quarter, posting growth of only 0.2 percent after 0.5 percent in the first, official data showed on Friday, confirming an initial reading.

"Gross Domestic Product increased by 0.2 percent in the second quarter of 2011, following an increase of 0.5 percent in the first quarter of 2011," the Office for National Statistics said in a statement.

The data was unchanged from an initial estimate published in July.

The ONS said GDP grew by 0.7 percent compared with the second quarter of 2010, also unchanged from the initial estimate.

© 2011 AFP

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