Friday, 26 April 2013

Osborne: First quarter GDP growth points to economic recovery

LONDON (Reuters) - Chancellor George Osborne welcomed first-quarter economic growth data on Thursday that showed the country avoided a return to recession.

"Today's figures are an encouraging sign the economy is healing. Despite a tough economic backdrop, we are making progress," Osborne said in a statement.

Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, official data showed.

(Reporting by William Schomberg; Editing by Susan Fenton)

Source: http://news.yahoo.com/osborne-first-quarter-gdp-growth-points-economic-recovery-085047927--business.html

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