GDP result is even better when you look under the hood
Today's GDP result surprised nobody. Somewhat boringly, at 0.8% growth from the December quarter, it was plumb in line with the consensus market forecast.But if you look under the bonnet of this shiny new recovery the economists are selling us, the compo
Rob Hosking Thu, 25 Mar 2010
Today’s GDP result surprised nobody. Somewhat boringly, at 0.8% growth from the December quarter, it was plumb in line with the consensus market forecast.
But if you look under the bonnet of this shiny new recovery the economists are selling us, the componentry is even more flash.
It is, after all,
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