No Triple-Dip for the UK

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Via the BBC:  UK economy avoids triple-dip recession

The Office for National Statistics said its first estimate for gross domestic product (GDP) showed the economy grew 0.3% during the first quarter of 2013.

Huzzah!

Economists say the news should give a small psychological boost to consumers and businesses, but the broader picture of the economy remains the same.

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2 responses to “No Triple-Dip for the UK”

  1. .03%. Happy days again fo sho!

  2. There continues to be much interesting shake-out to the Spreadsheet Error Heard Around the World and its implications for European polic.

    In the US disaster has failed to materialize. Perhaps Doug and Drew are disappointed:

    Real GDP increased 2.5% Annualized in Q1

    KrugTron the Invincible