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Real GDP in the UK grew by 0.7% in Q4 2016 compared with the previous quarter (revised up from a preliminary estimate of 0.6%). In the same quarter, the US saw growth of 0.5% and the Eurozone 0.4%.
On 13 February, the European Commission raised its 2017 GDP growth forecast for the UK from 1.0% (in November) to 1.5%, noting the stronger-than-expected growth in the aftermath of the EU referendum.
Commons Briefing papers SN02784
Author: Daniel Harari