UK's economic growth in slowdown
April 22, 2005
The rate of UK economic growth slowed during the first three months of the year, official statistics show.
Gross domestic product (GDP) grew at a rate of 0.6%, slower than the 0.7% seen in the last three months of 2004.
Economists say the slowdown in both consumer spending and industry output makes a rise in interest rates next month less likely.
The Bank of England has left the UK benchmark interest rate unchanged at 4.75% for eight months.
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