British Economy Grows 3.1 Percent in 2004
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The British economy grew by 3.1 percent in 2004, ending the year on a strong note despite continued declining output from production industries and the worst Christmas for retailers in more than 20 years.
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The UK economy expanded at its fastest clip in three years in the third quarter, driven by services.
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WASHINGTON - The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.
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The economy grew at a faster than expected annual pace of 3.0 percent during the first quarter of 2007, official data showed on Friday.
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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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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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LONDON: The British economy braked sharply in the third quarter when growth slowed to 0.4 per cent, the weakest pace for over a year, as a string of interest rate rises took effect, official figures showed yesterday.
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The national economy grew at a solid rate in the last three months, boosted by a rebound in consumer spending and another strong quarter of business investment, the Commerce Department reported yesterday.
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Britain's economy grew 0.7 percent in the third quarter, according to official data published Thursday.
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Treasury chief Gordon Brown said Thursday that the British economy will continue to grow strongly in 2004 and that the government will meet key targets on public borrowing, bettering the expectations of many economic forecasters.
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The US economy grew more quickly than previously thought in the three months to June, official figures suggest.
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Hong Kong&#39;s economy grew by 7.2 percent in the third quarter from the same period a year earlier, boosted by strong global demand and consumer spending, the government said Friday.
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Treasury chief Gordon Brown said Britain's economy is growing faster than anticipated, raising his forecast for this year by a half percentage point to 2.75 percent.
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The US economy grew at a 3.7 percent annual rate in the third quarter - a pace that was slightly better than in the spring but not as strong as many analysts expected.
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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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Japan saw its economy grow at a faster pace than  expected in the three months to June, officials figures show.
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The economy's expansion slowed in the last three months, but growth for 2004 as a whole was the highest since 1999.