Britain's official statistics agency has raised its growth forecasts for UK in the coming year.
The independent Office for Budget Responsibility (OBR) expects the economy to grow by 1.8% this year, up from its previous forecast of 1.2%.
But it lowered its growth estimates for the next two years, the BBC reports.
The OBR indicated that economic performance next year would be growth of 2.1% rather than its previous 2.3% forecast, and 2.6% in 2012, down from the 2.8% previously pencilled in.
There was better news on the employment front.
Britain's austerity drive was expected to cost 490,000 public sector jobs, but that forecast has now been revised down to 330,000 public sector jobs.
