NIESR's forecast for British economy predicts 0.7% expansion of 2013

Monthly estimates of National Institute of Economic and Social Research for British economic performance suggests that the country's gross domestic product will slow down by 0.1% in the three months ending in February following a 0.2% drop recorded in the three month ending in January. NIESR's forecast for 2013 and 2014 says Britain's GDP will rise 0.7% and 1.5% respectively.