Feb 22, 7:35 AM EST

UK economy grew less quickly than first estimated in 2016

Photo Gallery
Animal census at the London Zoo
Latest News from Britain
UK appoints 1st female Scotland Yard chief in 188 years

Partner of UK author Helen Bailey convicted of her murder

Iraqi suicide bomber was ex-Gitmo detainee

UK economy grew less quickly than first estimated in 2016

UK court: Income rule to bring in foreign spouses is lawful

Citizens' rights, market access key for Czechs after Brexit

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Spirit Airlines CEO dismisses new, cheaper fares by rivals

Tulsa's former Black Wall Street tries to remake itself

UK economy grew less quickly than first estimated in 2016

German optimism up in positive sign for Europe's economy

United, American begin selling cheaper economy-class fare

Board: Puerto Rico to be hit with painful austerity measures

American unveils prices, routes for new cheapest fare

Irish employment

US retail sales rise in January, led by gas and restaurants

Cyprus expects robust economic growth this year

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- Britain's economy grew less quickly than originally estimated in 2016, losing the mantle of being the fastest-growing among the Group of Seven of the world's biggest economies.

The Office for National Statistics says growth was revised down to 1.8 percent from the 2 percent originally estimated. The figure is also down from 2.2 percent growth in 2015.

Chris Williamson of financial research firm IHS Markit said that while companies are expecting good times to continue, the "data add to concerns that cracks are developing, with households pulling back on spending as higher inflation bites and Brexit clearly a major source of uncertainty."

The economy grew in the fourth quarter, expanding by 0.7 percent, up from initial estimates of 0.6 percent.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.