Chancellor Philip Hammond said that Thursday’s better-than-expected GDP growth showed the economy was resilient and well-placed to cope with the challenges thrown up by Britain’s exit from the European Union.
Gross domestic product expanded by 0.5 percent in the July-September period, less rapid than the unusually strong growth of 0.7 percent seen in the second quarter but comfortably above a median forecast of 0.3 percent in a Reuters poll of economists.
“The fundamentals of the UK economy are strong, and today’s data show that the economy is resilient,” Hammond said in a statement released after the news.
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