UK 2012 Q2 GDP in Pictures
Some graphs updated for 2012 Q2. UK nominal GDP is now 15% below the circa 5% trend growth path followed in the decade to 2007:
The instability of nominal income growth since 2010 has not produced a significant downturn in the labour market, as it did in 2008/9. I’ve used the LFS “claimant count” here, but the unemployment rate shows a similar picture of high but not rising unemployment.
Lastly here is the development of nominal gross domestic expenditure (consumption plus investment), the impact of net trade, nominal and real GDP, by quarter. Quarterly growth at annualized rates, seasonally adjusted figures.
|Qtr||Nominal GDE||Net Trade Impact||Nominal GDP||Real GDP|