UK Q2 2010 economic growth was revised up at the second reading to 1.2%. This is the highest quarterly growth rate since Q3 1999. Nevertheless, economists are expecting the recovery to fade in the second half of the year as US economic growth falters and as businesses and consumers face the prospect of fiscal austerity measures.
http://www.bloomberg.com/news/2010-08-27/u-k-expands-faster-than-estimated-on-growth-in-construction-inventories.html
Friday, 27 August 2010
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