UK Economy Picks Up Growth Speed

Britain’s economy picked up more speed between July and September, growing at its fastest pace in more than three years and building on an unexpected turnaround that has buoyed the government.

Gross domestic product rose by 0.8 percent, faster than the 0.7 percent achieved in the April-June period, Britain’s Office for National Statistics said on Friday.

The quarterly growth and the year-on-year rate of 1.5 percent were in line with forecasts by economists in a Reuters poll. The numbers also made Britain, until recently a laggard among the world’s rich countries, one of its fastest-growing economies with an annualized growth rate of over 3 percent.

via Reuters

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