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UK economy grows in the first quarter of 2011

Published: Wednesday, 27 April 2011   Category: All Graduate job news

University-leavers looking for graduate opportunities may be pleased to hear that the UK's economy has grown in the first quarter of 2011.

The Office for National Statistics (ONS) has revealed that the economy grew by 0.5 per cent in January, February and March this year.

A growing economy is one that is creating jobs and making money, suggesting that more graduate vacancies may open in the coming months.

George Osborne, the chancellor of the exchequer, told BBC News that the statistcs are very promising.

"It is good news that the British economy is growing," he said. "It is particularly good news that manufacturing is growing so strongly, when we have had such an unbalanced economy in recent years and manufacturing has not done so well."

The ONS is an independent organisation which provides a quarterly overview of the economy in the United Kingdom. Towards the end of last year, they revealed that the economy had shrunk by 0.5 per cent.

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