UK economy on track to grow at fastest since fourth quarter 2016 - NIESR
Reuters
Published Aug 10, 2018 15:11
UK economy on track to grow at fastest since fourth quarter 2016 - NIESR
LONDON (Reuters) - Britain's economy looks on track to grow at its fastest rate since the tail end of 2016, according to an estimate from the National Institute of Economic and Social Research (NIESR) on Friday.
NIESR forecast growth would pick up to a quarterly rate of 0.5 percent during the current quarter, its highest since the final quarter of 2016, after official figures showed growth accelerated to 0.4 percent in the three months to June.
"Growth is now close to our estimate of potential," NIESR economist Amit Kara said.
"Looking ahead, there is some evidence to suggest that services sector output has stabilised while the relatively small construction sector continues to gather momentum," he added.
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Written By: Reuters
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