Britain’s economy grinds to halt
The British economy ground to a halt between April and June, ending nearly 16 years of continuous growth.
The government reported Friday that the economic performance is below the modest 0.2 percent growth that the Office for National Statistics had predicted.
It ends a run of 63 consecutive quarters of growth since the April to June period of 1992, when Britain’s gross domestic product shrank.
In the midst of the worst housing crash for 30 years, Britain’s construction industry was hit the hardest, the national statistics office said, with construction output falling 1.1 percent.
Meanwhile, manufacturing output fell by 0.8 percent