Is Wales still with us?
UK GDP fell by 2.4% in Q1 09 over Q4 08 [1][2], which following on from a 1.8% decline in Q4 08, 0.7% in Q3 08 and 0.1% in Q2 08, means a 4.9% year-on-year decline.To put this in some context, it is as if the entire Welsh economy had ceased to be plus a bit of Cornwall.
[1] Seasonally adjusted, otherwise it's nearly a 4% quarterly drop.
[2] Biggest since 1958 all the papers are saying, which suggests the ONS briefed them on it, but all the data I have says Q1 1974 was slightly larger.
posted by Matthew @ 6/30/2009 11:48:00 AM
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