UK Economic Growth disappoints in Q1
The UK economy maintained its slow pace of growth in the 1st quarter. Although the figure came in as the general consensus, market participants were hoping for a positive surprise. The annual growth rate was revised marginally lower.
GDP Final q/q was 0.5% in Q1, as expected and unrevised from Q4 2010. GDP final y/y was revised downwards to 1.6% from 1.8% versus consensus for 1.8%.
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