UK tipped to be fastest-growing Western economy in 2014

The UK will be the fastest-growing Western economy next year, according to a survey by accountancy firm Grant Thornton.

In its quarterly Business Confidence Monitor report with the accountancy body Institute of Chartered Accountants in England and Wales (ICAEW), it predicted the UK will grow by 1.3% in the fourth quarter of 2013. The organisations said they had identified signs of business confidence as firms expect more exports, business investment, and employment growth next year. It also felt the recovery is beginning to become more broad, with construction, production, industry and services sectors all reporting increasing confidence. Property and construction reported particularly strong confid...