GDP

Economic Review – January 2012

  • GDP fell by 0.2 per cent between the third and fourth quarters of 2011
  • In the full year 2011, the economy grew by 0.9 per cent, less than half the 2.1 per cent growth seen in 2010

Gross Domestic Product Preliminary Estimate – Q4 2011

TUC view

  • If the OBR economic growth and ONS population growth forecasts are correct, GDP per capita is not set to return to its 2007 level of £23,744 per person until 2016, says the TUC.
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