Britain’s economic recovery will continue to falter in the current quarter after it struggled to build momentum in the previous three months, economists said.
Gross domestic product rose 0.3 percent in third quarter compared with a 0.1 percent increase in the second quarter, according to the median of 36 forecasts in a Bloomberg News survey. The Office for National Statistics will publish the data at 9:30 a.m. in London. Manufacturing probably stagnated in October and services growth slowed, according to separate surveys of economists before reports this week.
Domestic Pressure
In addition to the euro-area crisis, the U.K. economy is under pressure from Prime Minister David Cameron’s budget squeeze, the nation’s biggest since World War II. With unemployment at a 15-year high, Cameron’s government is working on a credit easing plan to boost lending to small companies and aid the recovery.
