British economy grows 0.5% in quarter: official

27th April 2011, Comments 0 comments

Britain's economy grew by 0.5 percent in the first three months of 2011, official data showed on Wednesday, rebounding after a sharp decline late last year.

"Gross domestic product (GDP) increased by 0.5 percent in the first quarter of 2011, following a decrease of 0.5 percent in the fourth quarter of 2010," the Office for National Statistics (ONS) said in a statement.

"The effect of the abnormal weather conditions in December 2010 is estimated to have subtracted 0.5 percent from growth in the fourth quarter.

"GDP is estimated now to have returned to the level in the third quarter of 2010."

© 2011 AFP

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