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Sunshine and optimism

Not a bad time to be in the UK now perhaps. With the hot sunny spell seemingly here to stay for a while yet (met office is predicting a few weeks) and at last the uk economy picking up with growth rates expected to be higher than predicted and sins that the housing market is strengthening

Good news but the real impact will be more psychological for now rather than material. The growth of 0.9% expected for this year is still pretty anaemic as we can see from the table below

Annual GDP growth rate (1990 to present)[edit]

Year GDP Change[146]
1990 0.5%
1991 -1.3%
1992 2.1%
1993 3.1%
1994 4.7%
1995 2.8%
1996 3.1%
1997 4.2%
1998 3.3%
1999 3.1%
2000 3.0%
2001 2.1%
2002 3.0%
2003 4.4%
2004 1.9%
2005 4.4%
2006 1.7%
2007 3.6%
2008 -4.3%
2009 -2.5%
2010 1.7%
2011 1.1%
2012 0.0%
2013 (Q1) 0.3%

 

 

 

Worth noting that 0.9% is half of the worst year between 1992 and the present recession. A long way to go

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