Wednesday, February 25, 2004
Up again
Posted by David Smith at 04:53 PM
Category: Thoughts and responses

New figures suggest Britain's growth rate last year, 2.3%, was even stronger than first thought. Growth in the fourth quarter, with GDP up by 0.9% and 2.8% higher than a year earlier, confirmed the strength of the upturn. Some City forecasters now see growth exceeding the Treasury's 3% to 3.5% forecast for this year (as do some in the Treasury). That means higher interest rates, although probably not for a month or so.

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