Britain steps firmly out of recession as growth is revised up to 0.3%
source: http://business.timesonline.co.uk/tol/business/economics/article7042243.ece
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Britain emerged from recession with stronger growth than previously recorded, in what will be seen as a boost to Labour ahead of the general election.
The Office for National Statistics (ONS) said that British GDP grew by 0.3 per cent in the final three months of 2009, revised up from the initial estimate of 0.1 per cent.
The revised figure still fall just short of the original expectations of a 0.4 per cent climb, but are stronger than analysts’ forecasts of an upward revision to 0.2 per cent. However, they still leave GDP at an annualised decline of 3.3 per cent.
Today’s figure is the second of three readings of GDP for the fourth quarter issued by the ONS. The third will be given next month.
Link: http://business.timesonline.co.uk/tol/business/economics/article7042243.ece
The Office for National Statistics (ONS) said that British GDP grew by 0.3 per cent in the final three months of 2009, revised up from the initial estimate of 0.1 per cent.
The revised figure still fall just short of the original expectations of a 0.4 per cent climb, but are stronger than analysts’ forecasts of an upward revision to 0.2 per cent. However, they still leave GDP at an annualised decline of 3.3 per cent.
Today’s figure is the second of three readings of GDP for the fourth quarter issued by the ONS. The third will be given next month.
Link: http://business.timesonline.co.uk/tol/business/economics/article7042243.ece
