WHAT'S NEW

UK economic growth beats expectation

by VTV426 October 2017 Last updated at 18:30 PM

VTV.vn - The UK economy expanded more than expected in the third quarter, but economists warned that growth remained lacklustre amid Brexit-related uncertainty and poor productivity.

According to the National Office of Statistics, GDP grew at 0.4 per cent in the three months from July to September, slightly higher than the 0.3 per cent predicted by City analysts.

The services sector continued to drive the growth, GDP growth, while the construction sector fell into recession after shrinking for the second quarter in succession. The Bank of England's Monetary Policy Committee is widely expected by financial market traders to raise interest rates at its meeting on November 2nd, in order to curb what several members of the committee have identified as growing inflationary pressures. If approved, this would be the UK's first interest rate raise in 10 years.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2023-01-29 15:08 UTC

WEATHER FORECAST