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sombreroloco

Uk Recovery Fuelled By Government Consumption

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It’s strange but true that the “growth” in UK GDP between the 4th Quarter of 2011 and the 2nd Quarter of 2013 is almost exactly equal to the increase in general government consumption. If there had been no (statistical) increase in government consumption, there would have been no increase in GDP. For explanation, read on!

http://www.primeeconomics.org/?p=2144

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