Saturday, August 16, 2014

British economy grew in the second quarter – The Standard

British economy grew in the second quarter – The Standard


             The British economy is in the second quarter by 0.8 percent in comparison with the first quarter. This is the economy of Britain finally returned to the level before the outbreak of the financial crisis. According to new figures released by the UK Office for National Statistics published Friday, and confirming an initial estimate of 25 July.
         

In the first quarter of this year, the economy of Britain was also 0.8 percent ahead. On an annual basis the British economy with a revised 3.2 percent increase in size, the strongest growth since the fourth quarter of 2007 On an earlier estimate was reported a growth of 3.1 percent compared with a year earlier.

The British economy has performed thus significantly better than the other major economies of Europe. So Thursday showed that the German economy in the second quarter by 0.2 percentage has shrunk on a quarterly basis, while the French economy stagnated again.

Great Britain is on track this year’s strongest economic performance down Putting the countries of the G7. The British central bank expects the economy to grow.

this year by 3.5 percent

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