UK GDP surges ahead --- Q1/2013 +0.3 %

Mr._Pricklepants

grizzly1911 wrote: »

SURGE:-

A sudden powerful forward or upward movement.

I don't think it qualifies on either of those counts.

You may think whatever you like.
BTW...I didn't hear you dissecting the use of words when shortchanged described a 0.1% downwards revision as a "shock to the UK economy"

https://forums.moneysavingexpert.com/discussion/comment/58075727#Comment_58075727

Graham_Devon

wotsthat wrote: »

I must admit I did have a virtual groin thrust when the figures came out. Not because of the surge in the economy but because I knew you and shortchanged would be cheesed off.

All this says is that you are consumed with bitterness. Have a read of what you wrote yourself!

Explains loads of your posts if this is your mindset.

System

Graham_Devon wrote: »

It certainly wouldn't have qualified if it had fallen 0.3%. Imagine the ridicule that would have taken place should someone have suggested it "surged downwards".

Perfectly understandable, anyone who suggests something had "A sudden powerful forward or upward movement downwards" would deserve a bit of ridiculing.

wotsthat

Graham_Devon wrote: »

All this says is that you are consumed with bitterness. Have a read of what you wrote yourself!

Explains loads of your posts if this is your mindset.

You say consumed with bitterness I'd say schadenfreude. You could even call it gentle leg pulling - depends how sensitive you're feeling I suppose

Either way I don't qualify to post in the nice person thread.

Generali

wotsthat wrote: »

Either way I don't qualify to post in the nice person thread.

Between you and me, I'm not that nice either. That's probably why I gatecrash the Nice People thread.

pqrdef

MS1950 wrote: »

At this stage the snowfall and cold weather during Q1 2013 appears to have had a limited impact on GDP growth. The strongest evidence was that it reduced retail output in January and March 2013 but boosted demand for electricity and gas in February and March, which increased output in the energy supply industries.

You've got to love the way that consumption of existing and finite natural resources is counted as production.

Mr._Pricklepants

wotsthat wrote: »

I must admit I did have a virtual groin thrust when the figures came out. Not because of the surge in the economy but because I knew you and shortchanged would be cheesed off.

I'm genuinely chuffed when the economy does better than expected.
When I read about 27.2% unemployment in Spain, sinking business confidence in Germany and a continued fall in Eurozone output I realise how blessed we are to live in this country.

MS1950

Mr._Pricklepants wrote: »

You may think whatever you like.
BTW...I didn't hear you dissecting the use of words when shortchanged described a 0.1% downwards revision as a "shock to the UK economy"

https://forums.moneysavingexpert.com/discussion/comment/58075727#Comment_58075727

I must admit Mr. Pricklepants that I thought that your original use of 'surge' was somewhat tongue in cheek.....?

Whether up or down by fractions of a percentage point - the reality is surely that the economy continues to stagnate?

And despite the bold claim of Joe Grice Chief economist, Office for National Statistics in this BBC article, that:

“the preliminary estimates have proven to be remarkably accurate…the revision between the first and third monthly estimates is typically only one or two tenths of one percent”

this doesn’t seem to offer a great deal of comfort or confidence when the ‘preliminary estimate’ itself is only ‘three tenths of one percent’….

http://www.bbc.co.uk/news/business-22277954

michaels

Generali wrote: »

Between you and me, I'm not that nice either. That's probably why I gatecrash the Nice People thread.

Don't worry, they are so nice there that no one would think to mention it if you were not

Sibley

House prices will go into orbit....HPC chain gang foiled again