Thursday, January 31, 2013

U.K. economy moves closer to triple dip recession | Essentials

U.K. economy moves closer to triple dip recession

Euro Crisis Infographic: Greek GDP as a Percentage of GDP vs Greek Unemployment
Euro Crisis Infographic: Greek GDP as a Percentage of GDP vs Greek Unemployment by EuroCrisisExplained.co.uk
License (according to Flickr): Attribution License
Excerpt:

LONDON Britain's economy contracted by a worse-than-expected 0. 3 percent in the last three months of 2012, raising the possibility that it might fall back into recession for the third time since the global financial crisis. The Office for National Statistics said Friday that there was no growth in the nation's big services industry while output of production industries fell by 1. 8 percent, including a 1. 5 percent drop in manufacturing. At Davos, new year brings renewed optimism U.K. to clamp down on corporate tax avoidance Experts warn of "perfect storm" for world economy Britain emerged from a nine-month recession in the third quarter, when GDP grew by 0. 9 percent. But if the economy shrinks again in the first quarter of 2013, it will be officially back in a technical recession, defined as two consecutive quarters of economic contraction.

People:

Britian

Overall Sentiment: 0.0875053

Relevance: 0.354244

SentimentQuote
-0.333022"Significantly, GDP was flat year-on-year in the fourth quarter of 2012. GDP was also flat over 2012 as a whole as a number of distortions lead to fluctuating quarter-on-quarter GDP through the year," he said.
-0.184696"What is blatantly evident is that the economy continues to find it very hard to generate even modest sustainable growth," he said. ...
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.517718
  • Mean: -0.258859
  • Standard Deviation: 0

Olivier Blanchard

Overall Sentiment: 0

Relevance: 0.315209

SentimentQuote
0"Our early advice is still very much there," Olivier Blanchard said ...
-0.262656"Our early advice is still very much there," Olivier Blanchard said on Wednesday. "If things look bad at the beginning of 2013, there should be reassessment of fiscal policy. We still believe that."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.262656
  • Mean: -0.131328
  • Standard Deviation: 1.7320508075689

Howard Archer

Overall Sentiment: 0.181717

Relevance: 0.28906

George Osborne

Overall Sentiment: -0.039478

Relevance: 0.262503

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

FieldTerminology: GDP

Overall Sentiment: -0.126662

Relevance: 0.861452

Country: Britain

Overall Sentiment: -0.319784

Relevance: 0.493551

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