U.K. Economy Grows At Fastest Pace In Four Years The British economy grew almost twice as much as economists were forecasting for the second quarter. That's welcome news for a country dealing with painful budgets cuts aimed at reducing a record budget deficit. The numbers are the fastest expansion in four years.
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U.K. Economy Grows At Fastest Pace In Four Years

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U.K. Economy Grows At Fastest Pace In Four Years

U.K. Economy Grows At Fastest Pace In Four Years

U.K. Economy Grows At Fastest Pace In Four Years

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  • <iframe src="https://www.npr.org/player/embed/128712831/128712979" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The British economy grew almost twice as much as economists were forecasting for the second quarter. That's welcome news for a country dealing with painful budgets cuts aimed at reducing a record budget deficit. The numbers are the fastest expansion in four years.

(SOUNDBITE OF MUSIC)

MARY LOUISE KELLY, Host:

NPR's business news starts with some bullish news for Britain.

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LOUISE KELLY: Still, the International Monetary Fund estimates the British economy will expand by only 1.2 percent this year. By comparison, the IMF predicts 3.3 percent growth for the U.S.

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