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Clarification On Gdp Deflator Required.

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I note RB's postings on the 0.8% GDP output gain in last quarter was accompianied by a 1.5% increase in the GDP deflator.

Does this mean that in real terms the GDP of the UK decreased by 0.7%? i.e. is this a recession?

Are we now in a position where the BBC's articles about growth of the economy is nominally based spin?

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However this figure still means annual inflation is 6% ??

(not CPI but the one that actually counts when calculating GDP, surely fairly important, maybe more so than the Chav Price index. Also must be a universal system and not a NuLab ACME production, otherwise how would countries compare their GDP's internationally...l digress..)

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  • 312 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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