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.
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