AbstractSUMMARYNew National Accounts data consistent with Blue Book 2010 shows that the total peak to trough fall in GDP during the latest recession was 6.4 per cent, compared to the previous estimate of 6.2 per cent. Preliminary estimates report that GDP growth was 1.1 per cent in the second quarter of the year, with the strong pickup in growth being driven by the business services and finance and construction sectors – which both contributed 0.4 percentage points to the overall growth rate. New data on non-financial balance sheets shows that net worth in the UK fell during the recession, predominately reflecting lower asset prices (such as for equities and residential properties). New Workforce Jobs estimates show that over 1 million jobs were lost in the recent recession, and a more detailed breakdown by industry, especially in the services sector, is provided. Finally, CPI inflation continues to exceed 3.0 per cent, but around 1.7 percentage points is accounted for by the January rise in the rate of VAT.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Economic & Labour Market Review.
Volume (Year): 4 (2010)
Issue (Month): 8 (August)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.