Photo: AFPLondon: The UK economy grew faster than economists forecast in the fourth quarter, continuing to defy expectations that the Brexit vote would derail the expansion. The 0.6% gain beat the 0.5% median forecast of economists in a Bloomberg survey and marked a 16th straight quarter of growth. The growth meant the economy expanded 2% in 2016, though that’s down from 2.2% the previous year and marked the weakest since 2013. Economists forecast a further slowdown this year, to 1.2%. On an annualized basis, the UK economy grew 2.4% in the fourth quarter.

Source: Mint January 26, 2017 10:38 UTC