Sam.T.
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UK GDP has been falling and is at £2622 Billion https://tradingeconomics.com/united-kingdom/gdp
Yet, how is our GDP growth rate positive, if our GDP has declined?https://tradingeconomics.com/united-kingdom/gdp-growth

Thank You for any help
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Sam.T.
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^^^^^^^^^^^^^^^
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Labrador99
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(Original post by Sam.T.)
^^^^^^^^^^^^^^^
Moved to Economics study help- someone there might be able to help
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catholicgirl
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(Original post by Sam.T.)
UK GDP has been falling and is at £2622 Billion https://tradingeconomics.com/united-kingdom/gdp
Yet, how is our GDP growth rate positive, if our GDP has declined?https://tradingeconomics.com/united-kingdom/gdp-growth

Thank You for any help
Hi,

Both articles are using different time horizons, therefore they cannot be compared to each other.

Although UK GDP has been falling when looking at the period 1960- 2018, the second article is only looking at growth in one particular quarter. Therefore, growth will be subject to short-term business cycles (i.e growth then decline..) before settling at its long term trend figure.

Hope this helps.
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Sam.T.
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(Original post by catholicgirl)
Hi,

Both articles are using different time horizons, therefore they cannot be compared to each other.

Although UK GDP has been falling when looking at the period 1960- 2018, the second article is only looking at growth in one particular quarter. Therefore, growth will be subject to short-term business cycles (i.e growth then decline..) before settling at its long term trend figure.

Hope this helps.
Thank You for your response, however I’m still a little confused

the UK obviously hasn’t been in a recession (our growth rate hasn’t been negative). So if our GDP has been growing, then how can our nominal GDP be lower than previous years.

thank You again for responding and helping me
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