Britain's economy likely expanded 0.4 percent in third quarter - NIESR

Britain's economy likely expanded 0.4 percent in third quarter - NIESR
 

British economic growth probably slowed in the three months that followed June's Brexit vote, but not by quite as much as the Bank of England expects, a leading think tank said on Friday.
The economy likely grew at a quarterly pace of 0.4 percent in the three months to September, down from the 0.7 percent growth reported for the second quarter, the National Institute of Economic and Social Research (NIESR) said.
Last month the Bank of England predicted growth of 0.3 percent in the third quarter.
"While retail sales have been buoyant in recent months, the production sector has acted as... read more

 
7 October 2016 in Business, Views: 41
Source: Reuters
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