Following the results of 2013, Britain will be ahead of Western Europe
Economic performance in the last quarter of 2013 suggest that the economy of the United Kingdom is on the way to recovery. Thus, according to preliminary data, the growth in Q4 shall be 0.7 %. If forecasts are correct, the annual rate shall be equal to 1.9%. In 2012 the value of GDP growth was significantly lower - 0.3 %, The Guardian writes.
The country's economy is growing at the fastest rate since 2007. Then the increase in GDP was 3.4%. The average pre-crisis growth performance of the UK economy was at 2.5 %.
Analysts say that the economy will continue to grow in 2014. However, there are fears of a slowdown. Currently, increased economic performance provides income from consumption. Rather, the areas of investment and exports are unchanged.
