Mexican Media Brands
U.K. Economy Surpasses Pre-Recession Peak
The U.K.'s gross domestic product expanded 0.8% in April-June from the previous quarter and 3.1% compared to the same period last year, according to the country's Office for National Statistics.
#economics
Share
The U.K.'s gross domestic product expanded 0.8% in April-June from the previous quarter and 3.1% compared to the same period last year, according to the country's Office for National Statistics.
The resulting growth pushed the British economy above its peak just before the global recession in 2008. The recession caused the U.K.'s GDP to plunge more than 7%.
The International Monetary Fund forecasts that Britain's economy will climb 3.2% in 2014 the strongest growth expected for any of the large industrialized countries this year.
The statistics office says the country's GDP expansion was led by a 1% gain in the service sector. Manufacturing grew only 0.2%.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.