Kate Andrews Kate Andrews

There is more to the UK’s latest GDP figures than meets the eye

Governor of the Bank of England Andrew Bailey (Credit: Getty images)

Today’s economic growth figures serve as a reminder that it’s important to be specific about what’s actually being measured. Headline GDP numbers show a contraction of 0.3 per cent in April: worse than what was expected (the forecast consensus was a fall of roughly 0.1 per cent), suggesting a fall in economic activity and output, pushing the UK further towards recession territory.

This is another example of why the technical definition of a recession may not help us much in the coming months either.

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