Activity. (1st August 2013)

• Record Type: Journal Article
• Is Part Of: Economic outlook. Volume 37:Number 3(2013)
• Page Start: 45
• Page End: 46
• Publication Date: 2013-08-01
• Subjects: Economic forecasting -- Great Britain -- Periodicals; Great Britain -- Economic conditions -- 1945-1964 -- Periodicals; 330.94100112
• DOI: 10.1111/1468-0319.12015
• Languages: English
• ISSNs: 0140-489X

Abstract

<abstract abstract-type="main" xml:lang="en"> <title> <x xml:space="preserve">Abstract</x> </title> <p>The ONS' latest National Accounts release revealed that real GDP is now estimated to have fallen by 7.2% during the recession, compared with the previous estimate of 6.3%. And the pace of the subsequent recovery has been scaled back slightly, meaning that the economy is now 3.9% below its peak rather than 2.6%. Given that employment is already above its pre‐recession peak, these revisions make the so‐called 'productivity puzzle' even more baffling…</p> </abstract>