+++ Q4 GDP -0.3% +++ Triple Dip Looming

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Output of production industries decreased by 1.8% in Q4 2012 compared with Q3 2012.
Construction sector output increased by 0.3% in Q4 2012 compared with Q3 2012.
Output of service industries was estimated to have been flat in Q4 2012 compared with Q3 2012.
GDP was estimated to have been flat in Q4 2012, when compared with Q4 2011.
GDP is estimated to have been flat between 2011 and 2012.

Significantly worse than expected…

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George Osborne

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