UK economy set for steady 2.5-2.75 percent growth: OECD
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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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Hit by a decline in manufacturing, Britain&#39;s economy grew only 0.4 percent in the third quarter, the weakest quarterly performance since the beginning of 2003, the government reported on Friday.
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U.S. private sector wage growth  should continue to accelerate in the months ahead on the back  of a healthy employment climate, according to a survey released  on Tuesday.
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Germany's economy minister gives an upbeat assessment of the economy, forecasting growth of up 2.5%.
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The British economy grew by 3.7 percent in the second quarter of 2004 compared with the same period of the previous year, according to unrevised published official figures.
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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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A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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Britain has recorded 0.7 percent in economic growth for the third quarter over the previous quarter and 2.7 percent for the year, the office for National Statistics said in its second estimate.
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The economy inched ahead by 2.2 percent in the fourth quarter of last year, down sharply from the governmentâs prior estimate of 3.5 percent.
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In its autumn report the OECD said it expected Swiss gross domestic product (GDP) to grow by 2.0 per cent this year. But it has cut its outlook for Switzerland to 1.9 per cent from 2.3 per cent.
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The U.S. economy grew at a faster   clip and inflation was slower than originally reported in the   second quarter, a government report said on Wednesday,   suggesting the Federal Reserve will keep interest rates steady.
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The German economy grew by a solid 2.5 percent last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.
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The Bank of England has held its key interest rate at 4.75 percent for the second consecutive month.
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Britain&#39;s economy accelerated to the fastest annual pace in nearly four years in the second quarter as manufacturing emerged from a slump and consumers ratcheted up spending, the government said Friday.
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A leading economic think-tank sees a strong recovery in the second half of the year for major industrial economies, in spite of high oil prices, and says inflation is not yet a concern.
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Britain's economy has grown by 0.8 percent during the second quarter of 2006 compared with the previous three months.
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The Bank of England has kept interest rates unchanged at 5.25 percent, opting for a wait-and-see approach on the economy after January's surprise hike had rattled financial markets.