UK Economy Grew 1.9 Percent in 2013

The UK economy grew by 1.9% in 2013, its strongest rate since 2007, according to the Office for National Statistics (ONS).

But gross domestic product (GDP) for the fourth quarter fell to 0.7%, down from 0.8% in the previous quarter, it said.

And economic output is still 1.3% below its 2008 first quarter level,

“We’ve seen growth in most parts of the economy,” said Joe Grice, chief economist at the ONS.

Responding to the figures, Chancellor George Osborne said: “These numbers are a boost for the economic security of hard-working people. It is more evidence that our long-term economic plan is working.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza