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UK economy grows 0.2% in three months to January, less than expected

BY Reuters | ECONOMIC | 03:03 AM EDT

LONDON, March 13 (Reuters) - Britain's economy grew by 0.2% in the three months to January, disappointing against expectations, official figures showed on Friday.

Economists polled by Reuters had forecast 0.3% growth in gross domestic product for the November-January period compared with the previous three months.

In January alone, the economy stagnated, the Office for National Statistics said, against expectations for a 0.2% increase. (Reporting by Andy Bruce and Suban Abdulla; editing by William James)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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