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
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.