British economy basks in manufacturing growth, IMF upgrade
Published on Apr 8, 2014 11:58 PM
LONDON (REUTERS) - Britain got a double boost on Tuesday as its recovery from recession gathered momentum and the International Monetary Fund raised the country's growth forecasts more than for any other major economy.
Factories expanded production far more quickly than expected in February, UK statistics office data showed.
Separate surveys showed a strong first quarter for companies and a long-awaited pick-up in wages.
The signs that Britain is finally starting to put the financial crisis behind it are well timed for finance minister George Osborne. He visits the IMF this week, a year after Fund officials urged him in vain to tone down his austerity programme to get growth going again.
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