P. 1
Double Dip

Double Dip

|Views: 547|Likes:
Published by The_Independent

More info:

Published by: The_Independent on Apr 25, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/25/2012

pdf

text

original

UK GDP ANATOMY OF A DOUBLE DIP

Change from peak of recession
% 1930-34 1973-76 1979-83 1990-93 2008-

GDP SINCE GEORGE OSBORNE BECAME CHANCELLOR
% CHANGE, QIUARTER ON PREVIOUS QUARTER, SEASONALLY ADJUSTED

6

0.7 0.2
0

0.6 -0.1 -0.3
Q3 2011 Q4

4

2

year on year cut in government capital spending in 2011

13%

-0.5
Q3 Q4 2010 Q1

-0.2
Q1 2012

Q2

0

-2

of planned government spending cuts are still to come

90%

-4

-6

-8

-10 0 6 12 18 24 30 36 42 48 54
MONTHS FROM START OF RECESSION
SOURCES: NIESR, ONS

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->