Macro Mysteries: The Shocking Revision to UK GDP

Many Happy Returns

Sep 20 2023 • 35 mins

The Office for National Statistics (ONS) published revised GDP figures, upending the post-pandemic economic narrative.

It turns out that Britain’s economy recovered much quicker than previously thought and is no longer an international outlier. So how did the ONS find a load of economic output down the back of the sofa?

And in today’s Dumb Question of the Week: What could we measure instead of GDP?

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