Friday, October 26, 2012

UK economy breaks out of recession



Published 25 October 2012 14:42 1221 Views
The British economy has made its way out of recession, posting one per cent growth in the third economic quarter of 2012, official data shows. The growth was the strongest quarterly GDP performance in five years, Thursday's data showed. The jump in growth was subject to a number of temporary factors, including the Olympics, which may mask a weaker underlying picture. But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red. Al Jazeera's Laurence Lee reports from London.

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