London: The UK economy grew by 0.1% in the fourth quarter, beating expectations, according to a preliminary estimate from the UKs Office for National Statistics (ONS) yesterday. The services and construction sectors contributed to the better-than-expected performance in the economy, up 0.2% and 0.5% respectively, but production fell by 0.8%, the ONS said. The British economy experienced weak growth in the first half of 2023 after a recession in the second half of 2023. However, it slowed down in the second half of 2024 and recorded no growth in the third quarter of the same year.
