Wednesday, April 25, 2012

Technical Recession

Gross Domestic Product: Preliminary Estimate, Q1 2012

•The chained volume measure of GDP decreased by 0.2 per cent in Q1 2012 •Output of the production industries decreased by 0.4 per cent in Q1 2012, following a decrease of 1.3 per cent in the previous quarter •Construction sector output decreased by 3.0 per cent in Q1 2012, following a decrease of 0.2 per cent in the previous quarter •Output of the service industries increased by 0.1 per cent in Q1 2012, following a decrease of 0.1 per cent in the previous quarter •GDP in volume terms is flat in Q1 2012, when compared with Q1 2011

Posted by dill @ 09:39 AM (1163 views)
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2 thoughts on “Technical Recession

  • mark wadsworth says:

    Ee, I can remember the last recession, it started in about 1973 and went on until about 1993.

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  • Depression

    Decline and recovery in GDP levels during the latest recession and the 1930s depression (Pre recession peak = 100)

    [Chart via FTAlphaville.]

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