London - Economic growth in Britain slowed considerably to 0.2 per cent in the second quarter of this year, as the housing market and consumer spending were affected by the credit crunch.

According to the Office for National Statistics (ONS) the growth figure is the lowest in terms of quarter-on-quarter growth for three years.

It compares with 1.6-per cent growth in the comparable quarter of last year, and 2.3-per cent growth in the first quarter of 2008. (dpa)