Mexican Media Brands
U.K.’s Economic Growth Slows to 6-Year Low
The British economy expanded by 1.4% last year, its slowest pace since an identical rate in 2012, according to the Office for National Statistics.
#economics
Share
The British economy expanded by 1.4% last year, its slowest pace since an identical rate in 2012, according to the Office for National Statistics.
Fourth-quarter growth in gross domestic product was only 0.2%, including a 0.4% contraction in December. The services sector, which expanded by 1.7% in 2018, was the economy’s only bright spot.
ONS says slumping factory output, largely in the form of car production, was a major contributor to the economy’s sluggish performance. A slowdown in construction also contributed.
Other economists predict even slower growth in GDP this year because of a weakening global economy and uncertainty over the impact of Brexit.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data