Britain's GDP growth in the third quarter

According to the recent statistics, Britain's economy grew by 0.8%, beating expectations. This growth was attributed to the increased spending in the private sector, especially in construction which was among the hardest hit during the recession. Manufacturing, business services and finance sector slowed down, but to a lesser extent compared to the first two quarters. This growth in economy is consistent with the increase in employment rate. However, like the U.S government, the British government still faces the daunting task of cutting budget deficit, and they will have to tread carefully here to avoid hurting the fragile economy recovery.