export_ofoct.com

[00:00.41] Growth last year was good, but not as good as originally hoped and there are worries that the economy is losing momentum.

[00:06.26] The British economy is probably still expanding faster than any other major economy, and this is the fastest rate of growth since 2007.

[00:15.55] However, that growth is rather patchy.

[00:17.67] The services sector is once again leading the way.

[00:20.06] But the construction industry is contracting quite sharply and manufacturing industry is pretty flat.

[00:25.64] All eyes will now be on the growth rate in the first three months of this year.

[00:29.36] That could show the economy's expansion is slowing down again or it could be boosted by lower fuel prices.

[00:35.21] It's too early to say. We'll only know for certain in three months' time, just before the general election.