LONDON, Dec 20 — Britain’s Brexit-facing economy avoided recession in the third quarter with stronger growth than previously thought, official data showed today. Gross domestic product rebounded by 0.4 per cent in the July-September period, according to a final estimate from the Office...
Pro-Brexit supporters arrive to a pro-Brexit meeting by the Bruges Group in London January 23, 2019. — Reuters pic
Gross domestic product rebounded by 0.4 per cent in the July-September period, according to a final estimate from the Office for National Statistics , which cited a boost from net trade. “This follows volatility in the first half of the year, which largely reflected changes in the timing of activity related to the UK’s original planned exit date from the European Union,” the ONS said.
“Christmas has come early with the ONS revising up GDP growth... in its annual data deluge before the festive break,” said economist Andrew Wishart at research consultancy Capital Economics.
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