While the U.K.’s economic recovery may be the envy of it European neighbors, it is still the country’s “weakest in the past century” and is set to slow next year, a leading British think tank warned on Wednesday.
The National Institute of Economic and Social Research (NIESR) forecast growth would slow to 2.5 percent in 2015, down from 3.0 percent his year, in its quarterly journal.
“U.K. economic statistics have recently undergone significant revisions, but they do not change the broader picture: the turnaround of the U.K. economy remains the weakest in the past century,” NIESR economists wrote in the journal.
Government figures suggest the U.K. grew by 3.0 percent year-on-year in the first nine months of 2014.