March 30, 2010 / 8:48 AM / 10 years ago

Treasury still sees risk to recovery after GDP

LONDON (Reuters) - While the upward revision to Q4 GDP is welcome, there are still risks to the recovery, a Treasury spokesman said on Tuesday.

“While it is welcome to see an upward revision, recent data in the EU and elsewhere has highlighted that there are still risks and uncertainties to this recovery and there is no room for complacency,” he said.

This followed news that the estimate for Q4 GDP growth was revised up to 0.4 percent from 0.3 percent.

“The Chancellor always said that the economy would return to growth by the turn of the year and today’s final estimate continues to bear that judgement out,” he said.

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