Britain's economy likely expanded 0.5 percent in Q4
It estimated Britain's economy grew 2.0 percent in 2016 compared with 2.2 percent during the previous year, in line with the long-run potential growth rate of the economy.
But it warned growth over the last year has been unbalanced, led by consumer spending.
"Consumers face significant headwinds this year and next, not least the increase in consumer price inflation that is a consequence of pass through from the depreciation of sterling in 2016," NIESR senior research fellow James Warren said. ■
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