How to spin the GDP figures, Gordo style.

The first set of figures released for Q4 2009 showed GDP growth of just 0.1%. This figure was later revised upwards by the ONS to 0.3%, then 0.4%.

So, you see, the final figure, when all said and done, was 4 times the initial figure.

And so to Q1 2010.

image

In the face of today’s news that Q1 growth was a very shaky 0.2%, Gordo should confidently announce that Q1 growth was actually 0.8%. Four times the initial figure.

Expect Ed Balls to test drive this idea on Radio 4 news sometime today.

AJ

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