UK economy grew slower in first quarter of 2018 than last quarter of 2017

EY Item Club says uninspiring economy is ‘chugging along’ as inflation continues to drop

The UK economy is set for another year of uninspiring growth in 2018, according to the latest forecasts from the EY Item Club.

This week’s first-quarter GDP figures are expected to show growth of just 0.2%-0.3%, according to EY Item Club economists, mainly due to the severe weather the hit the country at the end of February and beginning of March. This compares to quarter-on-quarter growth of 0.4% in the final three months of 2017.

Related: Slow UK economic growth is not just a cold weather trend | Larry Elliott

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