UK Economy Returns to Growth with help from Olympics

UK Economy Returns to Growth with help from Olympics

According to official gross domestic product figures (GDP), the economy has grown by 1.0%, meaning that we are now out of recession! From the months of July to September the gross economy growth was 0.7%. It is believed that Olympic ticket sales had added 0.2 percentage points to the figures. The economy had been in recession for the previous nine months and has still not recovered the levels of output seen before the financial crisis in 2008.

The ONS (The Office for National Statistics) said that beyond the effect of ticket sales it was hard to put an exact figure on the effects of the Olympics on the economy, although it noticeably increased hotel and restaurant activity in London as well as strength from employment agencies.

Although it is believed that there is still a long way to go, the figures shown suggest that we are on the right track!

Intro Personnel are currently very busy with a variety of different vacancies, which is in keeping with this positive news!