U.K. economy will grow faster than expected, OECD says

Source: WBP Online
Britain's economic expansion May's forecast revised up from 0.8% to 1.4% expected in November, while for the upcoming year the economy is estimated to grow by 2.4%, the OECD said on Tuesday. The Bank of England also increased its Q4 forecast to 0.9% growth and 2013 yearly based rate to 1.6% increase. At the same time the french organization lowered it forecast for global growth almost half percentage point to 2.7% in 2013 and 3.6% in next year.

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