The Organisation for Economic Co-operation and Development has said that it expects the UK economy to grow 0.9 per cent between July and September between July and September quarter.

The organisation also said that it expects the British economy to grow 0.8 per cent during the fourth quarter of the year as the economy records strong recovery. It indicated that UK might emerge as the best performing economy in the developed world. The growth rate forecasts are the best since 2012 and are higher than that for the US, Canada, Japan, Germany, France and Italy.

The Organisation for Economic Co-operation and Development, which is based in Paris, said that the UK economy will grow at 1.5 per cent in 2013, compared to 0.8 per cent expected earlier. The government said that it indicates that the economy is moving towards a favourable direction.

David Cameron's official spokesman said: `We would continue to say that the Government's priority is to secure the recovery and keep going with the measures we are taking to deal with the deficit and implement economic reforms.'

According to the latest figures released, the UK economy recorded a faster than expected growth rate of 0.7 per cent during the second quarter of the year from April to June backed by strong exports.

The Office for National Statistics has revised headline growth figure from 0.6 per cent estimate to 0.7 per cent for the quarter.