British economy grows at fastest pace in three years
AFPLONDON--Britain's economy grew at the fastest rate in more than three years during the third quarter, as the recovery picked up speed, official data showed on Friday.
October 26, 2013, 12:04 am TWN
While the government welcomed the news, Bank of England governor Mark Carney warned that the country's economic recovery needed to be more broadly based.
Gross domestic product (GDP) — the total value of goods and services produced in the economy — rose by 0.8 percent in the July-September period.
That compared to GDP growth of 0.7 percent in the second quarter, the Office for National Statistics (ONS) said in a statement.
This was the strongest expansion since the second quarter of 2010 when the economy grew by 1.0 percent, before contracting.