(MENAFN) Britain is set to achieve the strongest growth rate among the Group Seven (G7) economies, with an expected GDP of 3.1 percent for 2014, Xinhua reported.
British GDP growth rate is higher than the 2 percent for Canada and 1.8 percent for Germany, according the EY ITEM Club's Summer Forecast report.
The main drive force of the economic recovery is high consumption during the first half of the year, the London-based economic think-tank said.
"Business investment is being ramped up generating over half of the growth over the last year and helping to rebalance the economy away from consumption," chief economic adviser to the EY ITEM Club said.
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