Thursday, February 15, 2024

GDP Fell 0.3% in Q4


The UK has fallen into recession. The latest ONS figures show gross domestic product shrank by 0.3% in Q4 2023. That follows a 0.1% contraction in Q3. 

Given that the ONS is useless, we all know that these figures will be revised in the coming months.

However, the real issue lies in the GDP per head which shows that migration is hiding the actual decline in GDP which was 0.7% in 2023.

No wonder governments love migration, and using the basic GDP figure, it hides the truly appalling GDP per head figures!

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