date:Oct 29, 2012
the quarter. However, the construction sector recorded another large decrease of 2.5%, meaning that the sector is more than 10% smaller than it was a year ago.
Jubilee and Olympic ticket sales
Kern added that the GDP figures were distorted by the Jubilee and Olympic ticket sales. Compared with a year earlier, the figures show that the economy is stagnant, with growth for 2012 currently at 0.3%, 3% below the level seen at the beginning of 2008, when the recession started, he added.
John Longwo