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Gdp Disappointing 2.6% For 2014, Only 0.5% Qoq

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Markit Economics @MarkitEconomics 2h2 hours ago

UK Q4 GDP breakdown: services +0.8% q/q, industry -0.1% q/q, construction -1.8% q/q.

Contraction in construction

Osborne somehow managed to f*ck up his housing boom

No doubt he will blame it on Alex Tsipras personally.

Too late now to do much to impact Q1 do for election, so its going to come down to last minute bribes, unfunded promises, bungs to special interest groups and outright deceit. his major skill set.

Edited by R K

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I note that the 2.6% is the sum of the last four quarters. So suddenly we have gone from a whole year comparison ie. 2014 entire production compared to 2013 entire production to the actual growth within the year.

When the economy was expanding rapidly, 2013 against 2012 they used a whole year four quarter moving average....so they were stating about 1.5% when in fact the expansion within the year was similar to this one.

On the same basis they could now flatter growth and claim over 3%. However, they have changed the basis of reporting.

Irritatingly inconsistent. But actual growth as opposed to whole year comparisons is a better measure and more representatiove of what is happening as opposed to what has happened.

Edited by crashmonitor

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Markit Economics @MarkitEconomics 2h2 hours ago

UK Q4 GDP breakdown: services +0.8% q/q, industry -0.1% q/q, construction -1.8% q/q.

Contraction in construction

Osborne somehow managed to f*ck up his housing boom

No doubt he will blame it on Alex Tsipras personally.

Too late now to do much to impact Q1 do for election, so its going to come down to last minute bribes, unfunded promises, bungs to special interest groups and outright deceit. his major skill set.

Where's the data on pimps and drugs did that go up or down in the past quarter???

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Unexpected?

Not on this site - long been the view that Gidiot pushed things through too quickly and the artificial boom would be shown to be exactly that before the election.

Haven't the last three quarters been 0.9%, 0.7% and 0.5%. There may be a trend there...

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UK growth slows, but still fastest in seven years

Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gives ammunition to both sides of the political divide heading into May's election

Fastest since it last collapsed....minI boom based on same idiotic housing bubble...with subprime lending.

Only this time...interest rates at 0.5% and the money coming from the magic printing press.

These lunatics should be locked up Before they generate any more "growth"

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