The first estimate of UK GDP growth in the final quarter of 2011 was announced at -0.2%… and much wailing and gnashing of teeth ensued. Contrarians must strike an optimistic tone at times like these, so, was 2011 really all that bad?
UK GDP Growth, 2007-2011
It sometimes seems like memories are pretty short. A “flatlining” economy is certainly preferable to what happened in 2008 or 2009.
