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Wednesday’s GDP figures will generate endless discussion. You can ignore all of it

This statistic rarely provides an accurate picture. During a pandemic that is doubly true

By Peter Kellner  

A deserted street in Holborn, looking towards the City. Photo: David Cliff/NurPhoto/PA Images

On Wednesday (12th August), we shall be told how much Britain’s economy contracted in the second quarter of this year. Here are three predictions. First, the figures will show that Britain’s economy has contracted by more than at any time since the Black Death (or some other ancient horror). Second, they will dominate the day’s news. Third, in years to come when we have more data and better ways to measure the economy, the figures will…

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