Rise in value of exports means growth is sustainable

Last week saw a series of encouraging GDP reports published in a number of economies. 

In the US and UK, GDP growth rebounded in the second quarter after weak starts to the year.

The US economy grew by 0.6% after expanding by little more than 0.1% in the opening quarter of 2015. Meanwhile, GDP growth in the UK picked up to 0.7%, following growth of 0.4% in quarter one.