OECD raises UK growth forecast

[dipsydoodle]

The OECD economic agency has sharply increased its growth forecast for the UK economy this year to 1.5% from an earlier estimate of 0.8%.

It said UK growth had gained momentum through the first half of the year.

The forecast came as a survey indicated that activity in the UK construction sector grew at its fastest pace for nearly six years in August.

On Monday, a similar survey had shown strong growth in the manufacturing sector.

Recent data and surveys have pointed to an acceleration in the UK's economic recovery.

http://www.bbc.co.uk/news/business-23944091

[LeftishBrit]

1. I suspect that they're being just as reliable here as the OECD often are...

which isn't very, in my experience.

But I'd be happy to be proved wrong.