According to the National Institute of Economic and Social Research NIESR, UK GDP for the past three months fell 0.1% in February. January NIESR data were revised from 0.0% to -0.2%.
NIESR research proved that UK economy remains weak and the negative output gap continues to widen.
However, NIESR analysts expect the economy to grow 0,7% this year and 1.5% in 2014 year.