Economic growth slows to 0.5 percent in three months through October - NIESR
LONDON (Reuters) - Economic growth slowed between August and October, the National Institute of Economic and Social Research (NIESR) said on Tuesday.
Gross Domestic Product probably grew by 0.5 percent in the three months through October, the institute said, down from 1.0 percent growth between July and September.
NIESR expects the economy to shrink slightly in 2012 before growing by 1.1 percent in 2013 and 1.7 percent in 2014.
(Reporting by Sven Egenter; firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.