Britain's economy expanded by 0.6% in the last three months of 2007, marking the slowest quarterly rate for more than a year.
The Office for National Statistics said in a second estimate that the economy slowed from the 0.7% recorded in the third quarter amid the ongoing global credit crunch.
'The slower growth in the latest quarter was driven mainly by weaker growth of services output,' the ONS said.
On a year-on-year basis, gross domestic product (GDP) grew by 2.9% during the three months to December compared to the same time last year.
Both readings were unchanged from the previous estimates and tallied with analysts' consensus forecasts.
The ONS confirmed today that Britain experienced economic growth of 3.1% in 2007. This was the highest pace since 2004 and compared with 2.9% in 2006.
However, analysts said the focus would now switch to the first quarter of 2008 and beyond, as participants discover just how much of a slowdown the British economy was facing amid the worldwide squeeze on credit.
Last October, the British government cut its forecast for 2008 economic growth to 2-2.5%, from the previous 2.5-3%, citing the impact of the global credit crisis.
