UK Bubble UK Economy
Tuesday, 30 September 2008
UK growth flat in the second quarter
The ONS has just confirmed zero economic growth for the second quarter, strongly suggesting that the UK is well on its way to an outright recession.
Manufacturing took the biggest hit, falling 3.6 percent on an annualized basis.
Nothing unusual there. Manufacturing has been in recession for at least two decades.
1 comment:
Anonymous said...
Wait for the downward revision.
Nick
30 September 2008 at 17:36
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1 comment:
Wait for the downward revision.
Nick
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