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Monday, March 01, 2010

Upward Revision

Last week saw the Office on National Statistics (ONS) issue revised growth figures for the last quarter of 2009.

The initial figures for growth of GDP) were revised upwards from 0.1% to 0.3%.

However, before champagne corks are popped, the ONS also revised downwards the overall contraction in GDP during the recession; from a 6% contraction to a 6.25% contraction.

Hardly time for celebrations just yet!

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