Less Than 1 Percent Growth Is Somehow Good News for the U.K., Sort Of

A blog about business and economics.
Oct. 25 2013 11:12 AM

Less Than 1 Percent Growth Is Somehow Good News for the U.K., Sort Of

185709072
London, capital of the 0.8 percent.

Photo by Dan Kitwood/Getty Images

Matthew Yglesias is on vacation. 

The United Kingdom’s Office for National Statistics has announced a 0.8 percent increase in economic output between July and September (the third quarter). It follows a 0.7 percent increase in GDP from the previous quarter, and it is also the second strongest for the U.K. since 2008. Growth in services accounted for the vast majority of the increase.

Advertisement

The relatively good yet totally tepid figures should help America feel slightly little better about its own soft numbers and its recent debt ceiling disaster. Unfortunately for the U.K., GDP is still significantly below precrash numbers, while our output exceeded our precrash peak in 2011.

jessica_figure1
For yet more warm and fuzzy thoughts about America as compared to its colonial forebear, enjoy this graph.
 
 
jessica_figure_2

TODAY IN SLATE

War Stories

The Right Target

Why Obama’s airstrikes against ISIS may be more effective than people expect.

The One National Holiday Republicans Hope You Forget

It’s Legal for Obama to Bomb Syria Because He Says It Is

I Stand With Emma Watson on Women’s Rights

Even though I know I’m going to get flak for it.

Should You Recline Your Seat? Two Economists Weigh In.

Doublex

It Is Very, Very Stupid to Compare Hope Solo to Ray Rice

Or, why it is very, very stupid to compare Hope Solo to Ray Rice.

Building a Better Workplace

In Defense of HR

Startups and small businesses shouldn’t skip over a human resources department.

Why Is This Mother in Prison for Helping Her Daughter Get an Abortion?

It’s Fine to Use Facebook to Serve People With Legal Papers, Court Rules

  News & Politics
Foreigners
Sept. 23 2014 6:40 PM Coalition of the Presentable Don’t believe the official version. Meet America’s real allies in the fight against ISIS.
  Business
Moneybox
Sept. 23 2014 2:08 PM Home Depot’s Former Lead Security Engineer Had a Legacy of Sabotage
  Life
Outward
Sept. 23 2014 1:57 PM Would a Second Sarkozy Presidency End Marriage Equality in France?
  Double X
The XX Factor
Sept. 23 2014 2:32 PM Politico Asks: Why Is Gabby Giffords So “Ruthless” on Gun Control?
  Slate Plus
Political Gabfest
Sept. 23 2014 3:04 PM Chicago Gabfest How to get your tickets before anyone else.
  Arts
Brow Beat
Sept. 23 2014 8:38 PM “No One in This World” Is One of Kutiman’s Best, Most Impressive Songs
  Technology
Future Tense
Sept. 23 2014 5:36 PM This Climate Change Poem Moved World Leaders to Tears Today
  Health & Science
Science
Sept. 23 2014 4:33 PM Who Deserves Those 4 Inches of Airplane Seat Space? An investigation into the economics of reclining.
  Sports
Sports Nut
Sept. 23 2014 7:27 PM You’re Fired, Roger Goodell If the commissioner gets the ax, the NFL would still need a better justice system. What would that look like?