For the first time since 2011, the UK has experienced a back-to-back quarterly increase, growing by 0.7% in the second quarter of 2013, following a 0.3% rise in the first quarter. The GDP has increased by 1.4% since the second quarter of 2012. Furthermore, it is the first time since 2010 that all of the main economic sectors grew.
There was positive news in Europe, too, as the eurozone emerged from recession after 18 months of contraction.
The US economy grew in the second quarter of 2013 (with quarterly growth of 0.4%), which was better than economists had expected and better than the first quarter. A slowdown had been expected due to the weak global economy and the impact of federal spending cuts.
This report contains quarterly statistics data for markets around the world.