MW: U.K. economy to grow 0.8% in 3rd quarter: report
By Jason Douglas
U.K. gross domestic product expanded 0.8% in the third quarter, according to an estimate published Tuesday by the National Institute for Economic and Social Research.
NIESR, one of the U.K.'s oldest economic research groups, said its estimate of the economy's performance in the third quarter reflects a temporary boost to activity from the recovery of output lost to extra holidays for Queen Elizabeth's diamond jubilee in June and ticket sales for the London Olympic Games.
"Economic growth is expected to be at a significantly slower pace in the coming quarters," NIESR said in a statement.
An official estimate of third-quarter GDP will be published Oct. 25.
