British’s Economy Set for Milestone

Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

Gross domestic product is expected to have kept up the same strong pace as in the first three months of the year, expanding by 0.8 percent in the April-June period, according to a Reuters poll of economists.

In annual terms, growth is forecast to have been 3.1 percent, the fastest pace since late 2007.  That will mean that gross domestic product is finally back above levels seen in the first quarter of 2008, when problems in the world’s banking sector were rapidly building into a storm that hammered the global economy.

Reuters

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