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UK economy is picking up pace, NIESR predicts

Reuters  |  LONDON 

LONDON (Reuters) - Britain's economy probably gathered pace in the second quarter of 2018 and will quicken again over the coming months, the National Institute of Economic and Social Research (NIESR), a think tank, said on Tuesday.Gross domestic product was likely to have expanded at a quarterly rate of 0.4 percent in the April-June period, compared with growth of 0.2 percent in the first quarter of the year, NIESR said.It said it expected to see growth of 0.5 percent in the third quarter, above the consensus in a Reuters poll of economists that pointed to growth of 0.3 percent."The economy ...

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First Published: Tue, July 10 2018. 18:59 IST