Friday, January 23, 2009

British economy

I have not studied the British economy, and have no idea whether the specifics of their economics are similar to ours.

I noticed that their Q4 real growth rate was -6% per year, after being -2.5% per year in Q3, 0% per year in Q2, and +1.4% per year in Q1 (that is, their cumulative growth through Q3 had been -0.4% per year).

Our real growth rate through Q3 was +1.0% per year. Given that our economy was doing a lot better going into Q4, it seems that we should also do better in Q4.

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