UK economy grew 0.1% in Q4 - NIESR

NIESR estimated gross domestic product grew by 0.1% in the last three months of the year, compared with the third quarter, reports the Telegraph. The Institute said the figures suggested the economy grew by 1% in 2011, less than half the rate of 2010, when GDP increased by 2.1%. NIESR's assessment comes ahead of the first official estimate, which is to be published by the Office for National Statistics on January 25. The data coincided with weaker-than-expected industrial production data for November, and a deteriorating outlook for the UK according to the Organisation for Economic...