Q2’s meagre 0.2% rise in GDP means that the recovery still looks even weaker than that seen after the Great Depression. Of course, there is a lot of uncertainty about how much effect the various temporary factors in Q2 had. But it is hard to get optimistic when the other data released last week suggested that the third quarter got off to a pretty poor start.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.