Treasury welcomes GDP revision but says output still weak
LONDON |
LONDON (Reuters) - The Treasury welcomed the upward revision to first-quarter GDP growth figures on Tuesday but pointed out there was still some way to go before output returned to pre-crisis levels.
"It's welcome to see an upward revision to growth for the first quarter, but output is still 5.5 per cent below its peak," a spokesman said after news that GDP growth in Q1 was revised up to 0.3 percent from 0.2 percent.
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