Slowdown in investment in OECD pulls GDP growth down

Real GDP in the OECD area grew by 0.6% in the third quarter of 2010, which represents a fall from the 0.9% recorded in the previous quarter. Capital formation only contributed 0.2 percentage points to overall growth, falling from 0.5 percentage points in the second quarter. The main contribution to GDP growth came from private consumption which added 0.4 percentage … Continue reading

Posted by Nigel Tree | Comments Off on Slowdown in investment in OECD pulls GDP growth down

It was worse than we thought

Yesterday the ONS produced revised figures for GDP growth in the first quarter of 2009. Their original estimate had been that GDP fell by 1.9% but this has now been revised downwards to 2.4%. This was the biggest quarterly fall for 51 years.   It is reasonable that revisions have to be made retrospectively, but we are not used to … Continue reading

Posted by Nigel Tree | Comments Off on It was worse than we thought