UK GDP sees a 0.5% decrease

It is certainly of serious concern today to hear of the 0.5% GDP quarterly contraction. Whilst the weather towards the end of last year was a factor, even taking this variable out of the equation the underlying growth picture is still significantly weaker than expected. A Q1 rebound following this is likely, but will surely be hampered by other elements such as the VAT hike no doubt.



Post Date: January 25th, 2011