Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

UK economy grew faster than expected in 2013

UK economy grew faster than expected in 2013

UK gross domestic product grew by an estimated 1.9% this year, strengthening the picture of a rebounding economy.

GDP expansion was previously thought to be 1.5% compared to 2012. The Office for National Statistics also confirmed that the economy expanded by 0.8% in the second quarter. 

However, the current account deficit shot up from £6.2 billlion to £20.7 billion between the second and third quarter, while net public sector borrowing last month was £0.9 billion higher than in November 2012.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter