Home News UK & World News

UK recovery weak, warns think-tank

A leading think-tank has warned the economic recovery in the UK is the weakest of any since the end of the First World War.

The warning came as the National Institute of Economic and Social Research (NIESR) said its monthly estimates suggest gross domestic product (GDP) grew at 0.5% in the three months to September, compared to a revised 0.4% in the quarter to August.

NIESR said the level of GDP in the period is still 4% below the pre-recession peak - suggesting the recovery is the weakest since 1918.

The figures for the third quarter may surprise some economists who have forecast near stagnant growth between July and September.