The Growth Of The British Economy Has Exceeded Estimates
According to the forecasting company EY Item Club, the British economy probably strengthened by up to 17 percent during July to September."The UK economy is recovering faster than expected so far," said Howard Archer, EY Item Club's chief economic adviser."Consumer spending has picked up significantly and activity in the residential real estate market has also increased," he added.The bbc.com portal informs about it.The estimate of growth in the British economy in the three months to the end of September is better than what EY Item Club economists forecast in the summer, when they predicted that the country's economy would strengthen by 12 percent.However, the forecasting firm estimates that in the final three months of this year, British gross domestic product growth will be only one percent or less.