Official figures that were released on Sunday showed that for the final three months of this year, the economic growth has gone down and is expected to be on the same line for the coming year as well.

The figures come out at a time when Governor of the Bank of England, Mervyn King is being severely criticized for his inability to control inflation. The situation is so bad that even PM, David Cameron has shown his fears and concern over price rise.

After expanding by 1.1 per cent in the second quarter of 2010, the economic growth was actually at 0.7 per cent during the month of July to September. What is bigger concern is that the economists have predicted even slower growth in the coming week.

They have predicted it to be around 0.4 per cent as GDP. If that happens then the average growth is going to be around 1.6 per cent after showing a poor figure of 0.1 per cent in 2008.

Office for National Statistics has said that the impact of snowing has had its impact on the performance of economy. There has been potential loss in output in 2010 and there is going to be the same condition in 2011 as well.