Everyone but the Opposition will be pleased by today’s GDP figures: GDP was estimated to have increased by 1.0 per cent in Q3 2012 compared with Q2 2012 Output of the production industries was estimated to have increased by 1.1 per cent in Q3 2012 compared with Q2 2012, following […]
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The GDP figures: are economists failing the Chancellor?
Today’s GDP figures have made the news through being significantly worse than forecast: there was a 0.7% fall in output compared to expectations of 0.2%. Here’s how the November 2010 forecast from the Office for Budget Responsibility (PDF) compares to the GDP data from the Office for National Statistics (PDF): Here’s how […]
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