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Olympic effects on the British GDP

· One per cent growth between July and September ·

The positive effects of the Olympics are pulling Great Britain out of the recession. In the wake of the business that the Games brought about – between the events, tickets, restaurants, hotels and commerce – Britain's GDP has increased by one per cent in the three months since the Olympics in July, re-activating the economy nine months after the recession. Analysts say that this initial estimate of a one per cent increase in the previous trimester could potentially increase or decrease. However, according to economists, even if the the figure decreases the GDP in Great Britain would continue to be positive. “There is still a long way to go, but these figures show we are on the right track”, stated the Finance Minister, George Osborne.

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Dec. 9, 2019

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