This month’s headlines:
- GDP growth in the UK weakened in 2015, with the construction sector back in recession
- UK unemployment drops to ten-year low, but earnings growth continues to weaken
- GDP growth in the world’s two largest economies slows, as IMF cuts global outlook
UK GDP growth slowed in 2015. Despite a slight improvement in Q4 the overall annual growth was 1.9%, down from the growth of 2.1%.
The service sector remained the dominant sector in the UK, whilst construction slipped back into recession. This highlights the Chambers’ view that the UK’s economy is becoming even more unbalanced.
China, the world’s second-largest economy grew by 6.9% in 2015 – this is the lowest rate since 1990.
