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Olympics helps Britain leap out of recession

Quote:

(Reuters) - Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday.

Quote:

The jump in growth was subject to a number of temporary factors, including the Olympics, which may mask a weaker underlying picture.

But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.

The Office for National Statistics said Britain's gross domestic product rose by 1.0 percent between July and September, beating forecasts for a 0.6 percent gain, after shrinking by 0.4 percent between April and June.

On the year, the economy was flat, also better than expected.

The return to growth after three consecutive quarters of contraction was welcome news for a coalition government under pressure to do more to revive the economy.

However, the third quarter rise was boosted by ticket sales for the London Olympics - which the statistics office estimated accounted for a fifth of the quarterly increase - and a rebound from an extra public holiday in the second quarter.

http://www.reuters.com/article/2012/...89O0EC20121025

Note: Thu Oct 25, 2012 6:22am EDT

WHAT A LOAD OF BULL!

Quote:

Originally Posted by STEED (Post 1952518)

WHAT A LOAD OF BULL!

I totally agree.

Business leaders a few days ago had no faith of seeing any light at the end of the tunnel and today I been hearing lets see January figures before we all feel better. Translated this quarter looks set to fall.

Quote:

Originally Posted by STEED (Post 1952518)

WHAT A LOAD OF BULL!

Quote:

Originally Posted by BossMark (Post 1952520)

I totally agree.

http://cached.imagescaler.hbpl.co.uk...7412B088FA.jpg
"Trust me guys"

Trust Toff Boy!!!!!!!!!!!!!!!! :har:

I wouldn't trust toff boy to run a bath or organise a piss up in a brewery:nope:

http://www.thecommentator.com/system...jpg?1349610764
"Oh come on...I don't think so"