No increase in OECD growth in second quarter

Gross domestic product (GDP) in the OECD area rose by 0.7% in the second quarter of 2010, the same rate as in the previous quarter. Real GDP grew by 1% in both the euro area and the European Union driven by record growth of 2.2% in Germany; its highest rate since reunification. GDP growth was 1.1% in the United Kingdom, … Continue reading

Posted by Nigel Tree | Comments Off on No increase in OECD growth in second quarter

Recession has ended, but only just.

Surprising figures just released by the ONS show that Gross Domestic Product (GDP) increased by 0.1% in the fourth quarter of 2009, compared with a decrease of 0.2% in the third quarter. This was put down to growth in both services and production.   However, this figure was quite surprising as most commentators were expecting a larger rise, even up … Continue reading

Posted by Nigel Tree | Comments Off on Recession has ended, but only just.