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

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.