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Showing posts with label U.K. economic. Show all posts
Showing posts with label U.K. economic. Show all posts

Friday, August 26, 2011

U.K. Economic Expansion Slowed to 0.2% in Second Quarter

Aug. 26 (Bloomberg) -- U.K. economic growth slowed in the second quarter as manufacturing shrank, adding pressure on Prime Minister David Cameron to do more to boost the economy.

Gross domestic product rose 0.2 percent, the same as estimated a month ago, the Office for National Statistics said today in London. The median forecast in a Bloomberg News survey of 30 economists was for 0.2 percent growth. Output rose 0.7 percent from a year earlier.