UK comes bottom of G7 growth league as Canada takes lead

Britain’s 0.2% growth rate puts it on a par with Italy, while Canadian economy expanded by 0.9% in first quarter

The UK has slumped to the bottom of the league table of advanced economies after Canada registered stellar growth in the first three months of the year.

Canada was the final member of the G7 to report its growth figures, which confirmed the UK as officially the joint worst performing member so far this year. The announcement marked a significant decline for the UK economy, which a year ago was outshining Germany, the US and Japan. In February it was announced that Germany had pipped the UK as the fastest-growing G7 nation during 2016 by 10 basis points.

Continue reading…

Read full original article »