uk economy picks up before expected growth slowdown
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

UK economy picks up before expected growth slowdown

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Arab Today, arab today UK economy picks up before expected growth slowdown

services remained the strongest contributor to GDP growth
London - Arab Today

Britain’s economy picked up speed in the third quarter, official data confirmed Thursday, ahead of years of weaker-than-expected growth on poor productivity and gathering clouds over Brexit.
Gross domestic product grew 0.4 percent in the third quarter, up slightly from 0.3 percent in the April-June period, said the Office for National Statistics (ONS) as it confirmed last month’s initial estimate.
The data came one day after the government warned in its annual budget that Britain’s economy would grow much slower than expected over the next five years.
The ONS on Thursday said that “services remained the strongest contributor to GDP growth” in the third quarter.

Source:Arabnews

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