LONDON, U.K: Britain's economy eked out marginal growth in the third quarter, official data showed, offering a small measure of stability after months of weak momentum.
Gross domestic product rose by 0.1 percent in the July-to-September period, the Office for National Statistics said, confirming its initial estimate. Economists polled by Reuters had expected the figure to remain unrevised.
The data underline how fragile the recovery remains, with growth barely above zero as households and businesses continue to face high borrowing costs and subdued demand.
Last week, the Bank of England said it expects zero growth in the October-to-December period, although policymakers believe the underlying pace of expansion is closer to 0.2 percent per quarter.
The central bank has repeatedly warned that while headline growth may fluctuate around flat levels, persistent inflation pressures and tight financial conditions are weighing on activity across much of the economy.
