NIESR sees continued expansion, but significant downside risks remain
Fri 07 Sep 2012
LONDON (SHARECAST) - The National Institute of Economic and Social Research (NIESR) has this afternoon announced that Britain’s gross domestic product (GDP) grew by 0.2 per cent in the three months ended in August, after growth of 0.3 per cent in the three months ended in July 2012.
It adds that, “while we expect the economy to continue to expand, it will take more robust rates of growth than we have recently seen to close the UK’s large negative output gap. Significant downside risks to the outlook persist, not least the future evolution of the Euro Area crisis.”