GDP of the UK grew by 0.4% in the second quarter

GDP growth in the UK in the second quarter of 2018 accelerated to 0.4% from 0.2% in the first quarter, according to preliminary data from the office for National Statistics. In annual terms, the British economy grew by 1.3% compared to the growth of 1.2% in the previous quarter. Both indicators coincided with the forecasts of analysts. The volume of private consumption increased by 0.3% relative to the first quarter. Public spending grew by 0.4%, business investment – by 0.5%. Exports of the UK decreased by 3.6% compared to the previous quarter, imports – by 0.8%.

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