The Guardian | Slowdown in UK economy predicted after slide in North Sea oil output The Guardian Slowdown in UK economy predicted after slide in North Sea oil output. A rise in industrial production of just 0.1% in February leads analysts to predict a 0.4% rise in GDP in the first quarter of 2015. North Sea oil production has dragged down ... UK Oil Decline Takes Shine Off February Factory Revival UK industrial output barely rises as oil and gas declines |