UK Economy Grows Faster Than Expected

A big jump in construction helped boost the British economy to a better-than-expected quarterly growth rate of 1.1 percent and nearly doubling the expected growth rate of 0.6 percent.

George Buckley, economist at Deutsche Bank, said: “This is a very strong rise. It is good news to the extent that the recovery seems to be gaining traction, the bad news is that it is going to take a long time before we get back to the peak levels we saw at the start of 2008.”

Source: BBC News

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