UK Q3 GDP growth better than expected: reaction Tuesday 01 November, 2011 THE TELEGRAPH
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Britain's economy grew by 0.5pc in the last quarter, beating economists' expectations, but reigniting fears that Britain could still slip into recession. Here's how analysts reacted:
Adam Clifford, William Albert Securities:
- This better than expected figure will provide a flicker of hope to some, but is likely to be short-lived.
- The Government will proclaim that growth is coming, but we believe that what's coming is quite the opposite.
- In the short to medium term we remain very bearish on the economy and believe a double-dip is a strong possibility next year.
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