British economic growth revised up to 2.9 percent
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The British economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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UK inflation accelerates to 2.5% in August, the latest figures from the Office for National Statistics show.
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The Commerce DepartmentÂs revised estimates for the third quarter show gross national product expanding at a 2.2 percent annual rate.
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The economy grew an annualized 0.2 percent in the July-September quarter, not the 0.3 percent stated in the preliminary report last month, the government said Wednesday after tweaking the nation&#39;s gross domestic product under a new calculation method.
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Britain's economy is growing faster than earlier forecasts, Treasury chief Gordon Brown said Wednesday in advance of an annual address to Parliament.
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The British economy will pursue growth of 2.5-2.75 percent until the end of 2008, according to the OECD.
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The pound gained some support Friday after manufacturing PMI data for the UK beat expectations with a rise to 54.9, from April&#39;s revised 54.1, sources said.
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The economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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China has revised upward its gross domestic product (GDP) growth to 9.69 per cent during the first half of this year due to higher growth in service industries, the state media reported on Monday.
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Softening a surprise, pushing stocks and yen lower; economists say there&#39;s little cause for alarm. TOKYO  - Japan revised downward second-quarter economic growth Friday to 0.3 percent from an initial
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, according to a report.
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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India's economy grew at a faster-than-expected annual rate of 9.3% in the second quarter, according to official figures.
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The US economy grew faster in the second quarter than previously thought as business inventories rose at the strongest rate in four years, the government said on
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The UK economy grew at an annual rate of 3% in the first quarter of the year, raising the chances of more rate hikes.
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Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.
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The U.S. economy grew at a 2.9  percent annual pace in the second quarter, faster than  originally reported but less of an upward revision than  expected, as higher business investment offset a drop in  residential construction, a Commerce Department report showed  on Wednesday.