No Triple-Dip for the UK

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.

FILED UNDER: Europe, Quick Takes, World Politics
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is Professor of Political Science and Dean of the College of Arts and Sciences at Troy University. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter

Comments

  1. Merit Man says:

    .03%. Happy days again fo sho!

  2. john personna says:

    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