UK GDP is better than expected

Second quarter of 2010 sees rising rate of recovery
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The UK’s gross domestic product figures for the second quarter have been released, showing better than predicted results.

According to Forex, the UK achieved 1.1 per cent quarterly growth and 1.6 per cent growth year-on-year, compared to predictions of 0.6 per cent and 1.1 per cent respectively.

The quarterly growth is the highest since early 2006, while the year-on-year growth is the highest since 2008.