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UK GDP growth tipped to hit four-year high in Q1

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  • 29/04/2014
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UK GDP growth tipped to hit four-year high in Q1
Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

The figure would also mark the fifth successive quarter of growth – the longest period since before the financial crisis.

Figures for the fourth quarter of 2013 showed an increase of 0.7%, while the Bank of England has said it expects growth to hit 1% this quarter. 

Earlier this month, the International Monetary fund said it expects the UK to be the G8’s best performing economy in 2014, wih overall growth of 2.9%.

A positive number today will lead to further calls for a rise in interest rates later this year, which currently stand at a historic low of 0.5%. 

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