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LONDON http://www.winnipegjetsteamstore.com/adidas-laurie-boschman-jersey , April 28 (Xinhua) -- British gross domestic product (GDP) was estimated to have increased by only 0.3 percent in the first quarter (Q1) of 2015 compared with growth of 0.6 percent in the fourth quarter of 2014, marking the slowest quarterly growth in two years, announced the Office for National Statistics (ONS) Tuesday.


Experts here reckon that the growth slowdown might be a blow to the Conservative and Liberal Democrat coalition as the general election is approaching, although the slowing would probably be temporary.


eurozone would continue to support the country's growth, he noted.


But Mark Taylor, dean of Warwick Business School http://www.winnipegjetsteamstore.com/adidas-kyle-connor-jersey , said the GDP figures reflect underlying uncertainties in the economy as well as some structural weakness to the recovery.


"In terms of structure, the recovery has so far been led largely by household consumption, house prices, and growth in the service sector, none of which can be sustained into the longer term without a strong performance in investment, exports and manufacturing http://www.winnipegjetsteamstore.com/adidas-keith-tkachuk-jersey , all of which have been languishing," he said.


"General elections always create policy uncertainty, and this one more than most, and therefore it's not surprising that firms are refusing to commit to investment at this point," Taylor added.

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