Making Financial Headlines · Page 10
Britain's growth rate gives the decimal point a rare promotion
· New York time
The UK economy grew 0.7% in the three months to September, its fastest rate in more than two years, according to official figures. The result offers an update on a major economy that matters to international businesses and markets. A quarterly increase measures output, not a promise that households or every industry experienced the same improvement. Still, the number provides a change from treating every decimal place as a source of suspense. For one quarter, Britain's economic report has brought a positive figure to the meeting, and the decimal gets to sit at the head of the table.
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