The UK economy emerged from recession in the three months from July to September, helped by the Olympic Games.
The economy grew by 1.0%, according to official gross domestic product figures (GDP), which measure the value of everything produced in the country.
The Office for National Statistics said that Olympic ticket sales had added 0.2 percentage points to the figures.
All Olympic and Paralympic ticket sales counted towards July to September’s GDP figure.
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 GDP figures were also enhanced by comparison with the previous three months, because the second quarter had an extra public holiday as part of the Diamond Jubilee celebrations in June, as well as unusually bad weather, which reduced growth.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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