The UKeconomy has exited from recession but the recovery is going to be fragile for awhile with the growth figure for the last quarter weaker than expected.
The economy grew by 0.1% in the last three months of 2009ending six months of contractions according to figures from the Office ofNational Statistics (ONS).
The UKeconomy has lagged behind continental rivals Germany and France, which bothexited their recessions last summer, but government ministers had been predictingan official end to the recession for sometime.
In its preliminary estimate for Q4 the ONS pointed to increasesin "distribution, hotels and restaurants" as contributing factors to thegrowth.
"Governmentand other services and total production also had significant contributions tothe increase. This was partially offset by a small decrease in business servicesand finance. Construction and transport, storage and communication were flatover the quarter," stated the ONS report.
The responseto the 0.1% was downbeat from the financial analyst community with most reportstaking the line that the recession had ended but only just.