LONDON—The U.K. economy’s pickup in growth during the third quarter was driven by the fastest rise in household spending in more than three years, which only partly compensated for a steep decline in exports, a finding likely to deepen concerns that the recovery may prove unsustainable.
The continued dependence of the economy on consumer spending is likely to perturb officials at the Bank of England, who have warned that for the…
Read the original: Consumer Spending Fuels U.K. Growth
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