Thu, 22 May 2014 10:50:09 GMT
U.K. economy jumps on consumer spending
Economic growth in the United Kingdom climbed to 0.8% in the first quarter of this year, in line with the preliminary estimations. Consumer spending increased 0.8% and added 0.5% to the overall GDP advance. Thefore, country's economy surges for the 10th consecutive quarter. At the same time, exports decreased 1% in Q1, while imports shrank 1.1%. Government spending added 0.1%.