Great Britain, GDP estimates soar: in 2013 from +0,6 to +1,4%

The British government revises the previous estimates of GDP with strong growth to 1,4% from 0,6% in 2013 and to 2,4% from 1,8% in 2014. This was announced by the English Chancellor of the Exchequer, James Osborne, on the occasion of the traditional 'Autumn Speech'. According to Osborne "the British economy is growing much faster than other advanced economies". The deficit/GDP ratio is expected to be 6,8% in 2013/14, 5,6% in 2014/15 and then fall to 4,4% in 2015/16 and 2,7% in 2016/17. The unemployment rate will drop to 7% in 2015.