Growth – but not as much as last quarter

Gross Domestic Product, Q3 2014

  • GDP increased by 0.7% in Q3 2014 compared with growth of 0.9% in Q2 2014.
  • GDP was 3.0% higher in Q3 2014 compared with the same quarter a year ago.
  • In Q3 2014 GDP was estimated to have been 3.4% higher than the pre-economic downturn peak of Q1 2008. From the peak in Q1 2008 to the trough in Q2 2009, the economy shrank by 6.0%
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