Preliminary 2010:Q1 Gross Domestic Production (GDP) measures have been released for the U.K. by the Office for National Statistics (ONS) — read GDP Preliminary Estimate Statistical Bulletin – Q1 2010. The American bureau counterpart across the pond, Bureau of Economic Analysis (BEA), will release its number regarding GDP shortly — read BEA 2010 Release Schedule. Will growth in the U.S. top the U.K. growth reading of +0.2 percent? Prediction including the U.K. contemporaneous growth measure estimates U.S. growth of +3.5 percent for 2010:Q1.
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GDP forecast – preliminary 2010:Q1
In Forecast on April 30, 2010 at 1:29 AMGDP forecast – preliminary 2009:Q4
In Forecast on January 28, 2010 at 1:26 AMPreliminary UK results on fourth quarter GDP are now out, read here.
Interestingly, the UK result of +0.1 officially signals that the British economy is now out of recession. Previously, 6 negative quarters of consecutive malproduction had been endured–read ONS coverage. US results on fourth quarter GDP will be issued January 29, i.e., Friday. Apparently, there is a consensus forecast of +4.6 growth expected–read Straits Times coverage.
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