Jul 26, 2017
UK economy sees pick-up in growth
The UK economy grew by 0.3% in the three months to June, according to the Office for National Statistics. The initial estimate showed growth picking up from the first quarter of the year, when it was only 0.2%. The ONS said the growth was driven by services, particularly retail and the country's thriving film industry. Film production in the UK, plus box-office receipts from cinemas, were the next biggest factor behind the rise. On Monday, the International Monetary Fund downgraded its forecast for UK economic growth this year because of the weak first-quarter figure. The IMF now expects UK GDP to grow by 1.7% instead of its previous projection of 2%..
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