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DHAKA Tuesday 29 January 2014, 16 Magh 1420, BS 27 Rabiul awal 1435 HIJRI

UK economy growing at fastest rate
Publish Date : 2014-01-29,  Publish Time : 22:50,  View Count : 13
The UK economy grew by 0.7 per cent in the fourth quarter of 2013, bringing the annual growth rate to 1.9 per cent , said the Office for National Statistics (ONS), reports BBC.
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 per cent  figure and annual growth remains well below 2007's 3.4 per cent pace.
In December, the independent Office for Budget Responsibility revised its 2013 UK growth forecast from 0.6 per cent to 1.4 per cent.
It is currently forecasting growth of 2.4 per cent  for 2014.
There was a sharp drop in UK unemployment last week - the jobless rate now stands at 7.1 per cent.

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