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5/13/11

UK's economy in the slow lane as eurozone surges - by Scott Reid

Britain was left in Europe's slow lane yesterday as figures for the first quarter showed the German economy powering ahead three times faster, while France expanded at twice the rate.

Howard Archer, chief UK and European economist at IHS Global Insight, said: "This is almost certainly as good as it gets for the eurozone and growth seems likely to moderate over the coming months in face of significant headwinds. Nevertheless, there now looks a very decent chance that eurozone GDP growth will reach 2 per cent in 2011 for the first time since 2007."

For more: UK's economy in the slow lane as eurozone surges - The Scotsman

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