Login / Register
D
o
v
e
r
.uk.com
News
Forums
Dover Forum
General Discussion Forum
Politics Forum
Archive Updates
Channel Swimming Forum
Doverforum.com: Sea News
Channel Swimming
History Archive
Calendar
Channel Traffic
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
All reported posts will be reviewed by a moderator.
The post you are reporting:
UK GDP figures due amid triple-dip recession fears
Official figures due to be released later will reveal whether the UK has slipped into a
triple-dip recession.
The Office for National Statistics will issue its preliminary estimates for gross domestic
product (GDP) for the first three months of the year.
The economy shrank in the last quarter of 2012. A second quarter of contraction would
put the UK economy back in recession.
But on average, economists are forecasting growth of 0.1%.
A poll of analysts by Reuters resulted in forecasts ranging between a contraction
of 0.2% and growth of 0.3%.
A contraction would mean the UK has fallen into recession for the third time since
the financial crisis struck in 2008.
Economists say news of another recession may have a psychological impact on consumers
and businesses, but they argue that the broader picture of the economy will remain unchanged.
The UK has flat-lined since 2008, and small levels of growth or contraction will have little
impact on that general trend.
They also express caution about reading too much into the preliminary ONS figures, which
are likely to be revised at a later date.
Report Post
Your Name
Reason
end link