By William L. Watts
FRANKFURT (MarketWatch) -- British gross domestic product expanded by 0.1% in the second quarter, compared to the first three months of the year, the Office for National Statistics reported Wednesday, down from a previous estimate of 0.2%. GDP growth in the first quarter was revised down to 0.4% from 0.5%. The ONS said the revisions were due to a combination of methodological changes, classification changes and new data. Weaker growth, particularly in the second quarter, reflects a range of pressures, including continued falls in real wage growth, an uncertain labor market, relatively high inflation rates, and volatility and weakness in financial markets, the ONS said.
