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"It brings to an end the longest economic run of growth that we've seen in history".
Manufacturing was enjoying its longest unbroken run of growth in 50 years.
Meanwhile household spending increased by 0.8% over the third quarter, extending the run of growth to 13 consecutive quarters.
This performance extended a run of growth in which overall revenue had more than doubled within a decade.
UK house building is enjoying its longest run of growth since before the financial crisis in a further sign of Britain's booming property market.
Sales in December were stronger than expected at 166,198 vehicles, up 8.7% compared with the same month in 2013 and extending the longest run of growth since records began in 1959 to 34 months.
Similar(37)
These trends are allowing growth in output to run ahead of growth in employment.
Mr De Sole admits that his leading brand, Gucci, will run out of growth eventually.
The long run rate of growth depends entirely on human capital but we find this to be of little relevance.
Over the long run, rates of growth in productivity (and consequently G.D.P). are dependent on national savings.
Will we run out of growth areas if we stay on our current strategic path?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com