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Bangkok Post
Bangkok Post
Business

Britain's GDP grows 0.5% in Oct: statistics office

Britain Economy Bank of England London Queen Elizabeth II
The Bank of England has predicted that the UK economy will contract in the final quarter of the year.

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

Gross domestic product fell 0.6% in September after businesses closed for the royal funeral, and Britain's economy shrank by 0.2% in the third quarter, according to the Office for National Statistics (ONS).

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