Consumers Help U.K. Economy Withstand Shaky Global Backdrop
- First estimate of third-quarter GDP will be published Tuesday
- Economists expect growth of 0.6 percent despite global turmoil
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Britain’s economy is holding firm for now as domestic demand weathers a global slowdown that’s keeping central banks around the world on alert.
Economists forecast that data next week will show expansion of 0.6 percent in the third quarter, close to the 0.7 percent pace reached in the previous three months. That would also mark an 11th straight quarter of growth.