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UK economy gaining momentum as global recovery takes hold

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Britain’s economy shows signs of picking up the pace as the UK joins in a global recovery, reversing fears of a slowdown last year around the Brexit vote.

Rising exports and strong demand from households have been highlighted as crucial factors driving the UK forwards, and now the Organisation for Economic Co-operation and Development believes there are “tentative signs of growth gaining momentum, although uncertainty related to Brexit remains.”

Analysts at the OECD look at measures including business orders, corporate confidence and stock market moves to try to anticipate moves in the economy in the coming six to nine months.

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