Uncannily, I wrote an earlier post based upon the blog of Umair Haque about how we think about the economy than along comes an article in The Guardian illustrating how we have always measured the economy - GDP. It's still an interesting set of figures presented in a chart to show just how deeply in the mire we are.
Figures and charts can often put into context what headlines cannot. We really are in the mire, but it has been worse. Not that that is much comfort if you have lost your job or your business.
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- UK economy grew 0.3% in the first quarter of the year (newstatesman.com)
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