British economy grows by 2.7 percent in 2006
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The British economy has grown by 2.7 percent in 2006, in line with an initial estimate given last month.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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Kingfisher reported a rise of 6.7 per cent in retail profit to Â£190m for the third quarter with like-for-like sales up 2.6 per cent.
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The Philippine economy grew at an annual rate of 7.3 per cent last year, recording its biggest expansion in 31 years thanks to stronger consumer and government spending.
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A further interest rate rise could be due after data shows UK GDP grew strongly in the second quarter.
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The British economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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The economy will likely pick up in 2007 after output growth slows rapidly in late 2006, according to a survey conducted by the Philadelphia Federal Reserve Bank released on Thursday.
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Economic growth picked up slightly in the second quarter of 2007, official data showed Friday, but analysts forecast slower expansion later this year owing to recent interest rate hikes.
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The British economy has grown at a slower pace than previously thought during the second quarter, owing to weak output from health and gambling sectors.
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UK inflation fell in January, to reach 2.7% after jumping to an 11-year high in December.
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The economy expanded faster than expected in the last quarter of 2006 and remains strong.
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The OECD is increasing its forecast for European economic growth in 2006, as recovery is well under way.
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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 economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially reported, in a kind of unusually large downward revision that has happened only seven times in the last 30 years.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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UK house prices rose by  0.7% in October from the previous month, figures from the Office of the Deputy Prime Minister (ODPM) show.
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The UK economy is set to slow markedly in 2005, Deloitte warns, with growth of just 2%.