December 2016 UK NIESR Q4 GDP estimate 0.5% vs 0.5% exp q/q

The latest growth estimate for the UK

• Prior 0.4%. Revised to 0.5%

• 2016 GDP estimated at 2.0% vs 2.2% in 2015

• Growth was unbalanced in 2016

• Consumers face significant headwinds this year, especially from inflation from the pass through of depreciating sterling