UK GDP 'remains lacklustre' despite Q4 growth

GDP grew 0.5% in Q4 2015

UK GDP growth remains "lacklustre but reasonably resilient", according to investment commentators, after the Office for National Statistics revealed UK GDP had grown 0.5% in Q4 2015, up from 0.4% in the previous quarter.

In preliminary estimates released this morning UK growth for 2015 as a whole was 2.2%, down from 2.9% growth in 2014 and the weakest annual figure in nearly three years. However  the UK economy was 1.9% higher in Q4 compared with the same quarter a year ago and higher than Q3 2015, in line with analyst estimates. Ben Brettel, senior economist at Hargreaves Lansdown, said: "The bigger picture is that growth remain lacklustre, but reasonably resilient. A slowdown in emerging markets combined with increased uncertainty in global financial markets was bound to weigh on growth, but the dom...