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Osem · 25-01-2011, 10:28

Given the huge importance of the pre-Christmas quarter to the economy and the extent of the bad weather, I reckon the snow etc. played a very big role in the poor figures (which IIRC were particularly bad in the service sector). A truer test will be the following set of numbers and if they're equally bad then things will be indeed looking pretty gloomy.

25-01-2011, 10:28	#2
Osem Inactive Join Date: Oct 2006 Location: Right here! Posts: 22,315	Re: 'Shock' Contraction in the UK economy Given the huge importance of the pre-Christmas quarter to the economy and the extent of the bad weather, I reckon the snow etc. played a very big role in the poor figures (which IIRC were particularly bad in the service sector). A truer test will be the following set of numbers and if they're equally bad then things will be indeed looking pretty gloomy.