Friday 13 August 2021

GDP growth

 http://aberavonneathlibdems.blogspot.com/2021/08/gdp-stats-massive-obstacles-lie-ahead.html refers. This OECD chart puts the figures for the UK in perspective. Considering how far the economy has fallen, one would have expected a more robust bounce-back than the ONS reports. Most EU nations are doing better in spite of poorer handling of the pandemic. Greece, Hungary, Italy and Poland are worse off than the UK, but these nations have other troubles.

[Later] The Bibby index, which tracks the profits of small and medium enterprises (SMEs), actually showed a slight fall in July, when lockdown restrictions in England were already being eased.


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