Tuesday, January 26, 2010

U.K. GDP Figure Disappoints

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.

1 comment:

  1. Yet the Measuring Worth website shows UK nominal GDP has never been negative since 1954 - who's right?