News — Growth
UK growth latest
As expected, the UK economy grew by around 0.6% in second quarter of 2013, according to provisional estimates released by the ONS today. This follows 0.3% growth in the first quarter and, with two consecutive quarters of positive GDP the UK economy is ‘officially’ growing.
UK avoids triple dip recession
As expected, the UK economy has escaped from a triple-dip recession by the skin of its teeth with a return to positive growth of just 0.3% in the first quarter of 2013, according to provisional estimates released by the ONS today.