UK economic growth picks up as stockpiling bolsters manufacturing

Manufacturing increased by 1.5% in January but by only 0.9% in March. Photograph: Si Barber/Bloomberg News Britain’s economy strengthened in the first three months of the year, with growth of 0.5% helped by unprecedented stockpiling by manufacturersfearful of the impact from a no-deal Brexit. It was an improvement on 0.2% growth in the previous three months and was bolstered by the strongest quarterly performance for manufacturers since 1988, with factory output up 2.2%, according to the figures from the Office for National Statistics. However, widespread uncertainty about the Brexit negotiations proved to have a…

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India forecasts economic growth at 7.2 per cent in 2018-19

India’s GDP grew at 7.2% in 2018-19, according to the first advanced estimates released by the Central Statistical Office on Monday, the fastest rate of growth since 2016-17, marking a recovery in economic activity from the twin disruptions of demonetisation and Goods and Services Tax. To be sure, these figures are forecasts, as the first advanced estimate figures are based on about two quarters of actual economic data. While the 2018-19 growth is 55 basis points more than the 2017-18 figure, it is 20 basis points less than the RBI’s…

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