Belfast Telegraph

Economic recovery to up pace


THE UK recovery will pick up pace this week as official estimates reveal the strongest advance for the economy since last summer's London Olympic Games.

Economists expect growth of 0.6% between April and June, the best since the 0.7% seen between July and September last year and improving on the 0.3% expansion in the first quarter.

It would also mark the first time the nation has experienced two successive quarters of rising GDP since 2011.

But the growth is likely to have been fuelled almost entirely by the UK's dominant services sector, which accounts for more than three-quarters of output.

The Bank of England has revised up its own forecast of second quarter growth to 0.6%.

Belfast Telegraph