“GDP growth in the third quarter was ..
economic growth is generally measured in terms of GDP.
“Rising inflation hit consumer spending while manufacturers failed to exploit the benefits of the lower pound. What’s more a strong pick up in investment and higher government spending, were not enough to counter the disappointing exports performance. Early indicators point at a slight improvement in the second quarter, but if that fails to materialise we could see GDP growth as low as 1.5 per cent this year.”
Japan's economic growth seen to slow to 1.2% in 3Q ..
The latest disappointing estimate for GDP growth follows robust growth of 0.7 per cent in the final quarter of 2016 and 0.5 per cent in the quarter immediately following the referendum, when the economy seemed to shrug off the impact of the vote and widespread predictions of a recession.