U.K. Economy Grew 0.6% in Quarter Through November, Niesr Says
The British economy’s pace of growth quickened in the three months through November, weakening the case for the Bank of England to add to its emergency bond purchases, the National Institute of Economic and Social Research said.
Gross domestic product increased 0.6 percent, more than the 0.5 percent recorded in the three months through October, the group, whose clients include the Bank of England and the U.K. Treasury, said in an e-mailed statement today in London.
“A significant output gap still remains,” Niesr said in the statement. “However, the case for further quantitative easing is weakened by these estimates.”
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