May 24, 2012 • 5:01 pm 0
From the essential Britmouse because I’m too busy to blog this week but the UK’s economy is still going down the pan.
It’s worse. Q1 had 0.2% NGDP growth, annualized rate, since 2011 Q4. Seasonally Adjusted Annual Rates for the last five quarters:
| Quarter | Nominal GDP | GDP Deflator | Real GDP | NGDP at Basic Prices |
|---|---|---|---|---|
| 2011Q1 | 3.9 | 3.0 | 0.8 | 1.7 |
| 2011Q2 | 1.3 | 1.5 | -0.4 | 1.0 |
| 2011Q3 | 3.7 | 1.1 | 2.5 | 2.3 |
| 2011Q4 | 2.2 | 3.7 | -1.2 | 2.2 |
| 2012Q1 | 0.2 | 1.5 | -1.2 | 1.1 |
We’re doomed.
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