-1.9% GDP (2009 Q1) following -1.6% GDP (2008 Q4) = -3.5% GDP approx. for past 6 months"The UK economy shrank 1.9% in the first three months of 2009, according to gross domestic product (GDP) data from the Office for National Statistics. The figure was much worse than the expected level of about 1.5% and followed the contraction of 1.6% in the previous three-month period..."Decline of the UK economy worsens, 24 April 2009 http://news.bbc.co.uk/1/hi/business/8015704.stm
Here are the UK Treasury's growth projections. They look very optimistic.
7 comments:
It will never happen.
Correct - it will never happenthe original of that 'projection' graph was drawn freehand by Brown on the back of an envelope
Looks like one of Browns grins. See here: http://dizzythinks.net/2009/04/brown-goes-in-advertising.html
I wonder what happens when the Lithium wears off...?
Ha ha ha ha ha; ha ha ha!
(BTW - a link to the source would be informative... please, Alice.)
No, No, No, No, No. Absolute utter rubbish.
His last set of GDP predictions in November didn't even acknowledge a decline. Now this white wash.
New Labour have spent so long lying to the British public that they now seem to think we'll buy any crap.
worst still they seem to have said it enough time to themselves to start believing their own fantasies.
This is now the point where they have even lost the support of their own media - they are over and done with.
If Only Brown would recover an aircraft the same way and post it to LiveLeak ... the world would be a better place!
-1.9% GDP (2009 Q1) following -1.6% GDP (2008 Q4)
= -3.5% GDP approx. for past 6 months"The UK economy shrank 1.9% in the first three months of 2009, according to gross domestic product (GDP) data from the Office for National Statistics. The figure was much worse than the expected level of about 1.5% and followed the contraction of 1.6% in the previous three-month period..."Decline of the UK economy worsens, 24 April 2009
http://news.bbc.co.uk/1/hi/business/8015704.stm
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