ONS announce latest GDP figures showing 0.5% growth

The UK economy grew by 0.5% in the third quarter of 2011, according to the Office for National Statistics (ONS).

The growth in the July-to-September period compared with a 0.1% expansion in gross domestic product (GDP) in the previous quarter.

Joe Grice, the Chief Economist at the ONS told a news conference that growth from the third quarter last year had been relatively modest.

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