All GDP articles – Page 2

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    Prepare for a double dip in construction growth – the implication of today’s GDP figures


    The UK is coming out faster from recession than we thought. But the hole was deeper. That seems to be the message from the statisticians’ latest stab at the nation’s output . The increase in fourth quarter GPD was revised upward from 0.1% to 0.3%, which will cheer many not ...

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    Mum: Are we out of recession yet?


    You could feel the uneasiness among economists yesterday when the release of official statistics showed that the UK had just scraped enough oomph together in the final quarter of last year to stage a lacklustre return to growth. Most economists had expected the no-growth bar to be cleared by some ...

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    Does the whole GDP debate really rest on dodgy construction output figures?


    It has long been said that construction is an important bellwether in determining the shape of the nation’s economic progress. Today the performance of construction, or rather revisions to its measured performance, seemingly determined how close the UK is to recovery. The upwardly revised construction data put the nation yet ...

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    And the slump goes on …


    The UK economy shrank by another 0.8% in the second quarter, according to preliminary figures. While the drop was markedly slower than the 2.4% decline in the first quarter of this year, it was still a much sharper contraction than many analysts had hoped for. It also marked the fifth ...

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    Little respite from the worse recession on record


    Despite all the talk of “green shoots” over the last few months, it was apparent that this recession was going to be harsh from the offset and our forecasts for the industry over past year have suggested this. This week sees the release of our latest forecasts and it makes ...

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    Recovery soon for construction?


    The torrent of economic good news gushing from economists and think tanks is almost overwhelming. Hell's teeth it is a boost to confidence. But does this mean that the recovery is in sight for construction? David Miles , the new member of the Bank of England's Monetary Policy Committee recently ...