- NIESR’s gross domestic product rises by 0.7% in three months to July
Market news
6 August 2015
NIESR’s gross domestic product rises by 0.7% in three months to July
The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Thursday. The GDP estimate rose by 0.7% in three months to July, after a 0.7% growth in three months to June.
"We expect an average rate of growth of 2.5 per cent for 2015 as a whole," the NIESR said.
The think tank expects the Bank of England to raise its interest rate in February 2016.
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