Bank of England and Gross Domestic Product

economy: In 2015 as a whole, the U.K. economy expanded 2.2%, which was slower than 2014 2.9% rate, but still matched 2013 as the second-strongest post-recession year, according to Market Watch. This was broadly in line with recent forecasts by economists and policy makers, including the Bank of England, but falls short of earlier expectations of faster growth. Britain gross domestic product, a measure of all goods and services produced in the economy, rose 0.5% between October and December, government statisticians said Thursday, compared with 0.4% growth in the third quarter. Nevertheless, signs of a pickup in activity brighten the outlook of Western economies into 2016, since the U.K. is the first country in the Group of Seven club of advanced nations to report fourth-quarter GDP figures. Recent indicators of economic activity in China have been tepid, but many analysts believe the latest market scare widely exaggerates the impact weaker trade is having on the global economy. Investors have had a rocky start of the year as a plunge in the Chinese stock market has depressed equity prices across the world. (news.financializer.com). As reported in the news.