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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (5354)	6/26/2001 9:54:15 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

>>UK economy beats forecasts Economic performance was better than thought The UK unveiled a better-than-expected set of first-quarter economic figures on Tuesday, easing fears of a slowdown. The current-account deficit - the measure of how much money flowing out of the UK exceeds the amount flowing in - fell to £180m in the first quarter, down from £3.7bn in the last quarter of 2000. The figure was a long way outside the range of forecasts, which had all indicated that the deficit would widen to some £4.2bn. At the same time, it was revealed that first-quarter gross domestic product (GDP) rose by 0.5%, up from the previous estimate of 0.4%. On an annual basis, that works out at 2.7% growth for the year.<< news.bbc.co.uk