http://business.timesonline.co.uk/tol/business/economics/article6887467.ece

 

Economists today cast doubt on official data showing that British gross domestic product (GDP) contracted by 0.4 per cent between July and September, claiming the surprise fall is far worse than economic reality.

 

The shock figures from the Office for National Statistics (ONS) revealed that the country remained mired in recession during the third quarter — the sixth consecutive quarter of contraction, signalling the country’s longest downturn since records began in 1955.

 

Economists had widely expected that the country had emerged from recession between July and September.

 

Hetal Mehta., senior economic advisor to the Ernst & Young ITEM Club, said: “It appears that the ONS has made some fairly conservative assumptions about September output data, and once more data is available, there is a strong possibility that the third quarter figures will be revised up, possibly to -0.1 per cent or 0 per cent. "

 

lol, ignore the man behind the curtain! We're in a recovery, remember?

Britain is in worse shape than America.