China sets highest Yuan rate in five years
Recovery Irish economy exceeds expectations
Britain’s budget gap to decline more than expected despite weaker growth
German factory orders rose in April
British economy grew faster than estimated
The British economy expanded slightly faster in the first quarter of this year than the previous estimations, according to figures by the Office for National Statistics (ONS).
The UK economy expanded by a revised 0.3% in the first three months of 2010. Initially estimations pointed to a 0.2% growth. A considerable revival in business services and industrial production boosted economic growth. On a yearly basis, the British economy shrank by 0.2%. Previous estimations indicated a 0.3% shrink.