WSJ details:
The Office for National Statistics said Tuesday that compared with the third quarter, gross domestic product in the three months to the end of December increased 0.1%. Compared with the fourth quarter of 2008, GDP fell 3.2%. While the data showed that the U.K. officially emerged from a deep recession that began in the second quarter of 2008, the market was disappointed with the 0.1% amid consensus of a 0.3% gain.
Source: Statistics.UK
Yet the Measuring Worth website shows UK nominal GDP has never been negative since 1954 - who's right?
ReplyDeletehttp://www.measuringworth.org/ukgdp/