Friday, August 15, 2014

Strong growth in the second quarter of British economy is euro-zone thereof – Neue Zürcher Zeitung

Strong growth in the second quarter of British economy is euro-zone thereof – Neue Zürcher Zeitung

(sda / Reuters) The UK economy overtaken with strong growth almost every country in the Euro-zone. She put in the months of April to June by 0.8% compared to the previous quarter, as the ONS Statistical Office announced in a second estimate on Friday.

In the economic stagnation in the euro zone has only Latvia with a increase of 1% to offer a higher growth rate. Compared to the previous quarter, the gross domestic product (GDP) in the UK by as much as 3.2%, a bit more than initially expected. This is the highest increase since more than six years.

The main reason for the revision was, according to the statistics office, that the construction sector performed better than initially calculated. The economy of the island has marked downturn following the global financial crisis. The economic performance is a total return higher than the beginning of 2008.

The International Monetary Fund (IMF) says the country in 2014 an attractive 3.2% GDP advance. Thus, it is likely more than any other major industrial country growth

According to revised data of the Statistical Office in London and the economic downturn in the financial crisis was calculated not as deep as originally. Accordingly, the economy contracted in the recession year 2008 only 0, 3% and not 1.1%.

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