Friday, October 31, 2014   

Data points to slow UK recovery
(02-26 18:42)

Britain's economy grew by less than thought last year, but still showed the fastest annual growth since before the financial crisis, revised official data show.
The gross domestic product expanded by 1.8 percent in 2013, down from the previous growth figure of 1.9 percent, the Office for National Statistics said.
That nevertheless marked the biggest annual expansion since 2007.
The economy meanwhile grew by 0.7 percent in the fourth quarter of 2013, or October-December period compared with the previous three months, aided by strong trade and business investment.
The quarterly rate was unchanged from the previous reading.
“It's encouraging that business investment grew strongly in the fourth quarter,'' said a Treasury spokesman.
“The government's long term economic plan is working, but as the Chancellor said last week the recovery is not yet secure.
“The budget next month will do more to support investment and exports, and the biggest risk to the recovery would be abandoning the plan that's providing economic security for hardworking people.''—AFP
   
Other Business breaking news:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.