The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Sunday, October 28, 2012

U.K. exits double-dip recession.

The U.K. economy grew a greater-than-expected 1% on quarter in Q3, representing the fastest growth in five years and signalling the end of the country's recession after nine months. Growth was boosted by the London Olympics and the loss of a workday in Q2 - which effects the Q/Q comparison - due to the Queen's jubilee celebrations. Q4 figures may therefore provide a better idea of the underlying picture.

No comments:

Post a Comment