No 66: Forward to the future with the huge growth of the UK economy

THIS morning the Q4 GDP growth figures were announced, showing, as expected, a POSITIVE figure taking my country WELL out of recession by showing an increase of ....er.....


0.1%

This is how it looks on a graph:

It's quite easy to miss that small blue bar unless you are looking carefully.

Nonetheless, the longest recession in British history has now ended. Though it might start again soon.

Here a link to the BBC news story:

http://news.bbc.co.uk/1/hi/business/8479639.stm

and this short video has a lady in a field of yellow flowers (why?) talking about the news

This news clip from the BBC is about the problems that may still be ahead, even after today's statistics:

Note too the recent stories concerning unemployment - which fell from 7.9% to 7.8% - and inflation - which rose from 1.9% to 2.9% (CPI measure). This BBC page has loads of information so you can follow up on these events.

http://news.bbc.co.uk/1/hi/in_depth/business/2010/uk_economy

Again, the evidence here points to a slight recovery, but not yet

click here to see what a real recovery looks like

To end on a serious subject, every year the A-level examiners say that while students have good theoretical understanding, they lose marks because their knowledge of real UK and world economic events is poor. You need to know about both theory and reality to do well. Don't make the same mistake as many students - you need to read read read read read - and feel lucky you have a friendly blogger to help you do that ;-)