by KBC Market Research Desk
KBC Bank
by ecPulse.com analysis team
ecPulse.com
The British economy showed improvement in the previous period, more specifically starting from the second quarter, but still there are some signs showing that the economy may suffer to escape the recession. The pace of contraction eased in the second quarter to 0.6% then 0.4% in the third quarter which is considered a progress compare with the 2.4% contraction witnessed in the first 3 months of the year.
by ecPulse.com analysis team
ecPulse.com
Britons are finally taking advantage of discounted merchandise, where they boosted retail sales. Today, we saw UK retail sales, on an annual basis, climbe to a 17-month high, while government budget deficits continue to be affected from the ongoing recession.
