Olympics helps Britain leap out of recession

Gerald · 10-25-12, 08:36 AM

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

STEED · 10-25-12, 10:11 AM

WHAT A LOAD OF BULL!

BossMark · 10-25-12, 10:13 AM

Quote:

Originally Posted by STEED

WHAT A LOAD OF BULL!

I totally agree.

STEED · 10-25-12, 10:14 AM

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.

Jimbuna · 10-25-12, 10:19 AM

Quote:

Originally Posted by STEED

WHAT A LOAD OF BULL!

Quote:

Originally Posted by BossMark

I totally agree.

"Trust me guys"

STEED · 10-25-12, 10:25 AM

Trust Toff Boy!!!!!!!!!!!!!!!!

BossMark · 10-25-12, 10:27 AM

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

Jimbuna · 10-25-12, 10:47 AM

"Oh come on...I don't think so"

10-25-12, 10:11 AM	#2
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	WHAT A LOAD OF BULL! __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

10-25-12, 10:14 AM	#4
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	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. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

10-25-12, 10:25 AM	#6
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Trust Toff Boy!!!!!!!!!!!!!!!! __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

10-25-12, 10:27 AM	#7
BossMark Fleet Admiral Join Date: May 2011 Location: Leeds, West Yorkshire Posts: 15,272 Downloads: 278 Uploads: 0	I wouldn't trust toff boy to run a bath or organise a piss up in a brewery __________________ Never trust the Tories look what Thatcher and Major did in the 80s and 90s and look what the wicked witch May is doing now doing now

10-25-12, 10:47 AM	#8
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,615 Downloads: 63 Uploads: 13	"Oh come on...I don't think so" __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!