ONS has defended its estimates of GDP growth, which have been attacked by economists as excessively gloomy.
New Year’s Day, and the end of a decade, is as good a time as any to look at the economy’s vital signs.
Figures released today show that the UK economy was still in recession in the third quarter of 2009.
At 9.30 am on Wednesday all eyes in the City will be pinned to their screens as the ONS releases its latest estimate of the GDP in the third quarter of 2009.
The British North-American Committee sounds a solid enough organisation and its document “The need for transparency in public sector pensions&rdqu
The recession deepened in the first quarter of 2009, as the UK's GDP fell by 1.9 per cent, compared with 1.6 per cent the previous quarter. The increased rate of decline in output was due to weaker services and production output, latest figures from ONS show.