UK GDP slows to 0.2%

May’s GDP figure marks a decrease of 0.2% from the three month period leading up to April, during which GDP expanded by 0.4%. The Japanese economy, however, produced healthier growth of 1% over the three months leading up to March, outperforming the forecast of 0.8% for the period. This brings Japan’s annualised growth rate to 4%. Industry experts have claimed, however, that exports may not be able to sustain Japan’s economic growth over the coming months as they have done until now, especially in the face of rising inflationary pressures. IFAonline