United Kingdom Overcomes Recession Thanks to Olympic Games

UK economy grows

The Statistic Office confirmed that after three trimesters of several consecutive falls of the British economy the country is “on the right track.” According to the report of the National Bureau of Statistics Office of the United Kingdom, the growth of the Gross Domestic Product (GDP) increased between July and September by 1% which was more than the 0,6% that the analysts had foreseen.

This is the biggest growth registered in Great Britain since the third trimester of 2007, this increase was because of some exceptional factors like the 60^th anniversary of the coronation of Queen Elizabeth II and the Olympic Games which were celebrated in the capital from July 27 to August 12. For this reason several experts believe the growth will not last.

Only the sales of the tickets for the Olympic Games represented a 0,2% of the economy, while the lodging and tourism added 1,6 per cent.

“There is still a lot to be done, but the numbers of GDP show that we are on the right track and that our economy is healing,” added the British Prime Minister, David Cameron. AV