The Conservative Cave

Current Events => Economics => Topic started by: Ptarmigan on October 27, 2016, 06:24:26 PM

Title: UK economy grows 0.5% in three months after Brexit vote
Post by: Ptarmigan on October 27, 2016, 06:24:26 PM

UK economy grows 0.5% in three months after Brexit vote
http://news.sky.com/story/uk-economy-grows-05-in-three-months-after-brexit-vote-10633887

Quote

The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics (ONS) has said.

The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union.

But it is more robust than many economists had expected - and stronger than the 0.2% forecast last month by the Bank of England (BoE).

Brexit is a blessing.

Title: Re: UK economy grows 0.5% in three months after Brexit vote
Post by: Ralph Wiggum on October 27, 2016, 07:02:15 PM

0.5 growth in the US economy gets a tingle in Obumbler's pants.  Chris Matthews too.

Growth properly in the U.S. should be 1.5-3%.  But that is good as a starting point for the U.K.