UK economic growth best since 2007

Written By Unknown on Selasa, 28 Januari 2014 | 16.50

28 January 2014 Last updated at 04:41 ET

The UK economy grew by 0.7% in the fourth quarter of 2013, bringing the annual growth rate to 1.9%, said the Office for National Statistics (ONS).

It said this was the UK's fastest annual rate of growth since 2007.

"We've seen growth in most parts of the economy," said Joe Grice, chief economist at the ONS.

But growth in the fourth quarter was down slightly on the third quarter's 0.8% figure and annual growth remains well below 2007's 3.4% pace.

In December, the independent Office for Budget Responsibility revised its 2013 UK growth forecast from 0.6% to 1.4%.

It is currently forecasting growth of 2.4% for 2014.

There was a sharp drop in UK unemployment last week - the jobless rate now stands at 7.1%.


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