Reuters logo
UK's Osborne: First-quarter GDP growth points to economic recovery
April 25, 2013 / 8:50 AM / 5 years ago

UK's Osborne: First-quarter GDP growth points to economic recovery

LONDON (Reuters) - British finance minister George Osborne welcomed first-quarter economic growth data on Thursday that showed the country avoided a return to recession.

“Today’s figures are an encouraging sign the economy is healing. Despite a tough economic backdrop, we are making progress,” Osborne said in a statement.

Britain’s gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, official data showed.

Reporting by William Schomberg; Editing by Susan Fenton

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below