Mmastodon WorldPolitics first seen 13 h ago, last 13 h ago, peak #1
UK statistics office revises GDP figures in both directions
Original: The Office of National Statistics has revised up the UK's GDP growth in Q2, but revises down last year's GDP. so; revisi
The Office for National Statistics has revised up the UK's GDP growth for the second quarter, while revising down GDP figures for last year. Commentators note the revisions show growth data sits within a margin of error, meaning with growth this low, zero is within that margin — so there may be no real return to economic growth at all.
Why now: The new ONS revisions cast doubt on whether the UK economy is genuinely growing at all.
Office for National StatisticsUnited Kingdom
Evidence
- The Office of National Statistics has revised up the UK's GDP growth in Q2, but revises down last year's GDP. so; revisions show that any data on growth is within a margin of error; when the growth stats are this low, zero is *within* that margin... so no real 'return to… · ChrisMayLA6@mastodon.me.uk · 6
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