Slowing growth in the UK

The British economy’s growth rate has already slowed after barely begun. According to the preliminary estimation based on partial datas, growth was 0.2 percent in the first quarter, half of the measured pace of last year’s last quarter.

The British economy began to grow, after six quarters of recession in the last three months of last year. The British government deficit may cause more serious problems. The British general government net borrowing requirement was 152.8 billion pounds (45 thousand billion HUF) in the 2009-2010 financial year ended in March – reports mfor.hu.