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The first estimate of Q1 2016 GDP growth was 0.4% quarter-on-quarter, down on the Q4 2015 figure of 0.6%. Nonetheless, the consensus outlook for 2016 has remained unchanged with latest Treasury survey of independent forecasts predicting growth of 2.0% for this year. The factors that will slow growth continue to build however, not least from the UK vote of EU membership to be held in June.
Source : Knight Frank
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