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The Office for National Statistics issued new provisional GDP figures for October 2023 this morning. These are their charts. The first shows the longer term trend:
This chart shows movements over the last year, by sector:
The message is pretty simple, and so is straightforward to interpret. The UK economy is, using this measure, staggering along. Every sector is struggling. The only winner is the Bank of England, whose attempts to deliver a recession appear to be working.
This is another fine mess that failed economic thinking has got us into.
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