MercoPress. South Atlantic News Agency
UK economy expands 0.2% in 2012, but growth remains sluggish
The UK economy grew by more than previously thought in 2012, official figures have shown. The Office for National Statistics (ONS) revised its growth estimate for the year up from no growth to 0.2%. But the figure for the last three months of the year was left unchanged at a quarterly contraction of 0.3%. Read full article
Comments
Disclaimer & comment rulesCameron austerity pushes British Economy into a triple dip recession.
Feb 28th, 2013 - 02:15 am - Link - Report abuse 0Good job David.
The UK isnt -finished- but the days of 5% yoy economic growth 25% yoy property inflation are over. Just a steady readjustment as other countries in the world catch up.
Feb 28th, 2013 - 02:38 am - Link - Report abuse 0Ha ha
Feb 28th, 2013 - 04:08 am - Link - Report abuse 0This is an economy going into depression by the end of the year we will start to see runs on British banks.
Corralito next?
“If you allow Judge Griesa’s injunction to exist unchanged, everybody in this courtroom knows what’s going to happen,” Boies argued. “Argentina is going to default.”
Feb 28th, 2013 - 07:38 am - Link - Report abuse 0It's never Argentinas default, it's always someone elses default.
Anyone else find it hilarious Argentine's are mocking the UK's economy when Argentina is on the verge of yet another default.
Feb 28th, 2013 - 07:44 am - Link - Report abuse 0Nowhere is a bigger economic disaster than Argentina so Argentines mocking the UK's economy is like a Fiat driver mocking the performance of a Ferrari.....
Muppets.
According to other economists that growth figure is a gross underestimate. Car production at all an all time high, aerospace booming, weapons production very healthy, housing now starting to motor, you can't find tradesmen to carry out household jobs easily. People are paying down personal debts, spending more carefully and banks are now very careful lending only to dead certs. On top of that we are providing loads of jobs to imigrants from poorer countries. Unfortunately that seems to include a few noxious trolls....
Feb 28th, 2013 - 10:49 am - Link - Report abuse 0@1,3 Did you read this article? Argentina’s industrial production marked a modest 0.2% rise in January If you actually read it, you'll find that “industrial production” was the only good thing. Argieland either flat-lined or saw a 1.2% reduction. So “GOOD FOR THE UK”. Perhaps the article heading should be “UK surpasses failing argentina yet again”?
Feb 28th, 2013 - 01:12 pm - Link - Report abuse 0Even when we grow, you refuse to have it,
Feb 28th, 2013 - 08:57 pm - Link - Report abuse 0no wonder you have no clue to what you are doing.
UK is close to suffer a economy collapse Spanish style to the end of this year if economy policy is not changed.
Mar 01st, 2013 - 03:49 am - Link - Report abuse 0Commenting for this story is now closed.
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