GDP
UK’s emergence from recession confirmed
Official figures released today by the Office for National Statistics (ONS) show UK GDP increased by 0.2 per cent in the first quarter of 2010.
UK economy grew 0.3% in last quarter, with Index of Production up 0.5%
Revised figures show the UK economy grew by 0.3% in the last quarter of 2009, not 0.1% as previously reported, due to faster growth in services & manufacturing.
Economic update – February 2010
In January, the UK economy limped out of recession in the final quarter of 2009, with official figures showing that real GDP increased by a meagre 0.1 per cent.
Muted cheers as the UK limps out of recession
Today's increase in GDP of just 0.1 per cent, though welcome, falls short of the 0.3 per cent gain that was widely forecast by City economists.
New GDP figures may herald return to growth, but worst performing cities continue to struggle
Tomorrow’s GDP figures will show a return to growth. In many places, however, it won’t feel like the good times are back, with the North-South gap widening.
Irish budget cuts praised by British Tories but criticised at home
The Irish economy, so beloved of the British Right, is in dire straits compared to our own, with unemployment at 12.5pc, GDP down 7.4pc and deflation at -6.6pc.