Thread: Official: There was no double-dip recession
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Old 28-06-2013, 00:09   #13
dave6x
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Re: Official: There was no double-dip recession
Quote:
Originally Posted by Chris View Post
The UK economy did not experience a double-dip recession at the end of 2011 and the first half of 2012, the Office for National Statistics (ONS) has confirmed.

Updating its historical data, the ONS showed that the growth figure for the first quarter of 2012 was flat.
"There are three kinds of lies: lies, damned lies, and statistics." attributed to Mark Twain.

I just wonder what "updating" to its historical data has been carried out by the ONS and what statistical manipulation has been carried out to arrive at the results?
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