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UK GDP tipped to grow at fastest rate in four years

UK GDP tipped to grow at fastest rate in four years

The UK economy is tipped to have grown by 0.9% in the first quarter, the fastest rate of growth in almost four years.

Analysts’ consensus of the spike in growth would represent an acceleration from 0.7% in the fourth quarter of 2013 and the highest since the second quarter of 2010 when GDP rose by 1%. The Office for Budget Responsibility predicted in March that GDP would rise by 0.7% in the first quarter before slowing to 0.6% in the second.

The official data announcement is due at 9:30am and is expected to confirm that the UK economy continues to outpace most other advanced nations.

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