UK GDP growth of 0.2% 'disappoints' in Q1

ONS figures out today show the increase in output was largely due to growth in business services, finance, and the manufacturing sector. GDP decreased 0.3% in the first quarter compared with the first quarter of 2009. Britain came out of recession in the fourth quarter of 2009 with GDP growth of 0.4%, revised up from 0.1%. Analysts and economists had expected a similar figure for the first three months of this year. However, the figure may yet be revised upwards. Output in the services industries increased 0.2% in Q1, while production output grew 0.7%. Transport, storage, communica...