Tag: GDP

How more accurate data help to explain the relatively large fall in UK GDP

There is a lively debate among economists about the way in which UK statisticians are estimating the impact of Covid and the lockdown on the output of the public sector. This is a relatively arcane topic and the mainstream media can be forgiven for not yet covering it. But it is important, not least because … Continue reading How more accurate data help to explain the relatively large fall in UK GDP

‘V’ for recovery!

The recovery in the UK economy is already taking shape nicely – and the shape looks increasingly like a ‘V’, where activity 'bounces back’ quickly and returns to more normal levels much sooner than most currently expect. Despite this, many commentators are still pessimistic and even eager to emphasise the downside risks. It is time … Continue reading ‘V’ for recovery!