Recovering U.K. Leaves Europe in its Wake

The U.K. economy is shifting up a gear and leaving its European neighbors trailing.

Second quarter GDP figures for the world’s sixth-biggest economy due this week should show growth of about 0.6%, twice the rate of expansion seen in the first three months of the year.

By comparison, economists say the eurozone — which publishes its own Q2 figures in August — will struggle to do much better than stagnate or post the slimmest growth. It’s on course for a second consecutive year of contraction as austerity measures, record unemployment and a wounded banking system continue to depress demand.

CNN

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.