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Gdp Data Due Later Today

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The latest UK GDP figures are due later - two weeks after the Office for National Statistics (ONS) delayed their publication due to what it called a "potential error".

The figures relate to economic activity between January and March this year.

The first set of figures showed the economy grew by 0.2 per cent in the first quarter. This was later revised up to 0.3 per cent.

Experts expect this figure to be unchanged. <_<

Linky

So, "...Experts expect this figure to be unchanged"

What do we think?!

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http://www.telegraph.co.uk/finance/economics/7884985/UK-GDP-growth-unchanged-at-0.3pc-in-first-quarter-recession-deeper-than-thought.html

The Office for National Statistics left first-quarter GDP growth unchanged. On the year it fell 0.2pc, in line with economists' forecasts.

Government statisticians confirmed that Britain left recession in the fourth quarter of 2010, with the economy expanding at a quarterly rate of 0.4pc, as earlier estimated.

As part of a major annual revision of GDP data, the ONS said the British economy contracted by 6.4pc between the second quarter of 2008 and the third quarter of 2009.

This was more than the 6.2pc previously thought, and wiped an extra £2bn off the economy.

Separate data showed that services output fell by 0.3pc in April, in line with private sector surveys that had shown disruption from Iceland's volcanic ash cloud.

uk-gdp_1677158c.jpg

Just look at that lovely stimulus.

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Jeremy Cook, chief economist at World First, said: "Although the headline figure remained unchanged at 0.3%, government spending was revised up from 1.1% to 1.5% signifying that the recovery is still very reliant on state spending and that consumers are not stepping up to the plate quite yet."

http://www.guardian.co.uk/business/2010/jul/12/uk-recession-deeper-than-first-thought

Is it too late for consumers? Maybe all the consumers with spare change spent it on houses? :)

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...................& then they ran out of sugar high..............& had to decied to:-

QE

Cut more

Borrow more

:)

Mikr

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Jeremy Cook, chief economist at World First, said: "Although the headline figure remained unchanged at 0.3%, government spending was revised up from 1.1% to 1.5% signifying that the recovery is still very reliant on state spending and that consumers are not stepping up to the plate quite yet."

http://www.guardian.co.uk/business/2010/jul/12/uk-recession-deeper-than-first-thought

Is it too late for consumers? Maybe all the consumers with spare change spent it on houses? :)

Consumers have been consumed - by debt.

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http://www.telegraph.co.uk/finance/economics/7884985/UK-GDP-growth-unchanged-at-0.3pc-in-first-quarter-recession-deeper-than-thought.html

The Office for National Statistics left first-quarter GDP growth unchanged. On the year it fell 0.2pc, in line with economists' forecasts.

Government statisticians confirmed that Britain left recession in the fourth quarter of 2010, with the economy expanding at a quarterly rate of 0.4pc, as earlier estimated.

As part of a major annual revision of GDP data, the ONS said the British economy contracted by 6.4pc between the second quarter of 2008 and the third quarter of 2009.

This was more than the 6.2pc previously thought, and wiped an extra £2bn off the economy.

Separate data showed that services output fell by 0.3pc in April, in line with private sector surveys that had shown disruption from Iceland's volcanic ash cloud.

uk-gdp_1677158c.jpg

Just look at that lovely stimulus.

4th qtr of 2010 - that's clever!

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FTSE 100 5146.21+0.80%

all news is good news if you are into stocks--FTSE 6000 soon??

I can imagine the Realistbear household now... every evening RB is checking the sunset out of the window every 10 mins...

"Look! The sun's going down, it's going down I tell you"

"I'm so glad we didn't bother to buy any curtains, the sun is going down and that's it - it's over".

Then, as the dawn chorus wakes a slumbering bear the next morning:

"Oh just look at that! How ridiculous!! The sun is coming up again, and after everything we've just heard on the radio new. But it's probably only the start of a supernova"

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I can imagine the Realistbear household now... every evening RB is checking the sunset out of the window every 10 mins...

"Look! The sun's going down, it's going down I tell you"

"I'm so glad we didn't bother to buy any curtains, the sun is going down and that's it - it's over".

Then, as the dawn chorus wakes a slumbering bear the next morning:

"Oh just look at that! How ridiculous!! The sun is coming up again, and after everything we've just heard on the radio new. But it's probably only the start of a supernova"

:lol::lol: cheeky

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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