LONDON, British gross domestic product (GDP) is estimated to have increased by 0.6 percent in this year's second quarter, highest growth pace in two years. The Office for National Statistics (ONS) attributed this growth to betterment of service sector, which takes up around three quarters of the GDP, achieving a 0.8 percent growth in Q2. Real GDP fell back by 0.1 percent due to decline in construction and industrial sector, reported ONS adding that GDP growth by 0.7 percent in the first quarter allowed for the 0.9 percent annual increase. In a separate report yesterday, ONS confirmed rise in inflation rates for the first time since December to reach 2.2 percent. Source : Kuwait News Agency
Related Articles
QBA Chairman Praises Speech of HH the Amir, Setting Direction for Upcoming Period
HE Chairman of the Qatari Businessmen Association (QBA) Sheikh Faisal bin Qassim Al-Thani praised the speech of HH the Amir Sheikh Tamim bin Hamad Al-Thani at the opening of the Shura Council’s 53rd annual session, describing it as a guiding compass t…
QSE Index Rises 0.40% at Start of Trading
Doha: Qatar Stock Exchange index started Sunday’s trading session up by 0.40%, adding 38.52 points to reach the level of 9741 points, compared to last closing.
The index was supported by a rise in five sectors: Transportation by 0.93%; Real Estate by…
Minister of Oil: We are studying adding a new production unit to the Najaf Refinery
Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, confirmed the Ministry’s keenness to increase and improve the refining capacities of national refineries and support sincere efforts to reach the Ministry’s goals and pla…