UK: GDP expansion revised to 0.9%

BRITAIN’S recovering economy grew more than expected in the second quarter, revised official data showed yesterday. Gross domestic product (GDP) expanded by 0.9 percent in the April to June period compared with output in the first three months of the year, the Office for National Statistics (ONS) said in a statement. It had put second-quarter GDP growth at 0.8 percent in previous readings – a rate of growth which meant Britain’s economy had overtaken the size it achieved before the global financial crisis of 2008. The economy expanded by 3.2 percent in the second quarter compared with the equivalent period last year, the ONS confirmed. – Sapa-AFP