§ Mr. YeoTo ask the Secretary of State for Trade and Industry pursuant to the answer of the hon. Member for Edinburgh, South (Nigel Griffiths) to the hon. Member for Castle Point (Bob Spink), of 16 January 2003,Official Report, column 809, by which method the Department determines that the United Kingdom is the fastest growing economy in the world. [93851]
§ Ms HewittThe best measures of economic activity is GDP. In 2001, the latest year for which data are available, the UK economy grew by 2.0 per cent. This growth rate was higher than that for the other major economies (G7 countries), according to the latest data published by the OECD.