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GDP Uncertainty

The GDP calculation underpins the budget. This image from the Bank of England website:

Demonstrates the level of current uncertainty (actually February uncertainty). I have saved it on my computer and if the image disappears I can put it up somewhere else.

The problem about the budget is that this component drives the aggregate financial position.

Comments

Jerry said…
After yesterdays Budget I predict that widely spoken double dip recession is no where close, more like a rollercoaster of a recession. might be worth buying shares in Ebay as everyone tightens their belts and ends up having to sell their ways and means.
1:51 pm
Unknown said…
JOhn

What is even more illuminating is to go back though past forecasts and compare with what actually happened!
9:09 am
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