Economics
U.K. Overcomes Record Slump With 0.8% Quarterly Growth: Economy
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The U.K. has completely recovered the output lost during the financial crisis and is on track to be the best-performing Group of Seven economy this year.
Gross domestic product expanded 0.8 percent in the second quarter, pushing output above its previous peak in the first three months of 2008, the Office for National Statistics said today in London. The increase was the same as in the first quarter and in line with the median estimate in a Bloomberg News survey.