Britain’s Economy will grow faster than Germany and Japan
UK’s economy seems to be recovering faster as the GDP growth is revised to nearly 0.3% within a span of three months. This gradual but phenomenal economic rise in first three months marks Britain’s economic recovery after having suffered the worst recession ever.
The industrial production has risen by 1.2 % in the first quarter, according to the figures disclosed by the Office of National Statistics. Business services and finance are also seeing a slow improvement.
Though the growth is considered to be remarkable, the market uncertainty has resulted in many foreign exchange specialists like Christina Weisz believing that the economic rise could be short-lived.
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Posted by PatrickFerrel on May 25 2010 Filed under Economy. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
