BoI: UK economy returns to growth trend
According to the latest UK Economic Review, published by Bank of Ireland today, the UK economy looks set to grow at around its trend rate over the past decade following a below-trend advance of 1.9% last year, which was the worst performance since 1992.
The slowdown, which occurred in the first half of 2005, was primarily due to a substantial weakening in consumer spending, with revised figures showing very little real growth in consumption over that period.
