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U.K. Q1 GDP +0.3% M/M vs -0.3% in Q4 and consensus of +0.1%; on year, +0.6% vs +0.2% and +0.3%....

U.K. Q1 GDP +0.3% M/M vs -0.3% in Q4 and consensus of +0.1%; on year, +0.6% vs +0.2% and +0.3%. The pound (FXB) spikes as the U.K. avoids a triple-dip recession, and is +0.9% vs the dollar, although the FTSE remains lower at -0.3%.  (PR)
Comments (1)
  • User 353732
    , contributor
    Comments (4866) | Send Message
     
    Apparently mere stagnation is now cause for relief and even rejoicing.
    The UK is like much of the West now: it needs increasing bad debt and bad money to prevent regression much less attain any growth.
    As with all addictions more and more "stimulus" is needed to obtain a decreasing intoxication even as the system is corroded and consumed by economic disease and financial exhaustion.
    25 Apr 2013, 05:18 AM Reply Like
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