Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

United Kingdom

muriel_volestrangler

(104,143 posts)

4. GDP is calculated with a "deflator", which allows for inflation; this is the real GDP figure

Reply to House of Roberts (Reply #1)

Fri Sep 30, 2022, 01:16 PM

Sep 2022

which is what is normally used.

The level of real GDP is now estimated to be 0.2% below where it was pre-coronavirus at Quarter 4 (Oct to Dec) 2019, downwardly revised from previous estimates of 0.6% above.

The implied GDP deflator rose by 5.2% in the year to Quarter 2 2022, primarily driven by an 8.2% increase in the implied price of household consumption; there was a 6.0% rise in the implied price of imports, including the effects of higher gas prices over the quarter.

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2022

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

UK is only G7 country with smaller economy than before Covid-19 [View all] muriel_volestrangler Sep 2022 OP

How are they comparing 'Real GDP' before the pandemic House of Roberts Sep 2022 #1

GDP is calculated with a "deflator", which allows for inflation; this is the real GDP figure muriel_volestrangler Sep 2022 #4

If that is true, as I suppose it is, House of Roberts Sep 2022 #6

"Real" might mean inflation adjusted IbogaProject Sep 2022 #2

Because of Brexit? LiberalFighter Sep 2022 #3

Because of a moronic doomsday cult in charge muriel_volestrangler Sep 2022 #5