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British economy grows by 0.7 percent

  • The British economy grew by 0.7 percent over the past three months, according to figures released by the National Institute of Economic and Social Research (NIESR).

    Compared to the same three-month period in 2014, this implies a year-on-year growth rate of 2.7 percent, which is consistent with NIESR's quarterly forecast of 2.5 percent growth in GDP in 2015, the figures, released on Thursday. (Source: IANS)