John Hemming's Web Log John's Reference Website
Thursday, March 25, 2010
  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:
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.
 
JOhn

What is even more illuminating is to go back though past forecasts and compare with what actually happened!
 
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Click Here for access to higher resolution versions of the photos The license for use allows use of the photos by media as long as they are attributed.

better brent chart

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