LONDON--The U.K. economy returned to growth in the three months
through May, a respected think tank said Tuesday.
Gross domestic product edged up 0.1% between March and May compared
with the previous three-month period, the National Institute of
Economic and Social Research calculated.
The estimate suggests the economy has resumed modest growth, but NIESR
warned that the reading may be less accurate than when it publishes
forecasts of full calendar quarters. The current economic turbulence
stemming from the debt crisis in the euro zone is also making it
harder to forecast, it said.
Official data from the Office for National Statistics show economic
output shrank 0.3% in both the fourth quarter of 2011 and the first
three months of 2012--putting the U.K. technically in recession.
Finance minister George Osborne said on Sunday that the euro zone's
crisis is "killing off" the U.K.'s economic recovery. The single
currency bloc accounts for the bulk of U.K. exports.
Write to Alex Brittain at alex.brittain@dowjones.com
(END) Dow Jones Newswires
June 12, 2012 10:14 ET (14:14 GMT)
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