Britain’s statisticians fix a blunder and find a bigger economy
The figures used to look abysmal. Now they’re only poor
IT’S RARE THAT tweaks to already published figures make big news. But then it’s also rare for statisticians at the Office for National Statistics (ONS), a body that produces official data, to make dramatic adjustments. In an update on September 1st they found, in effect, almost two percentage points’ worth of GDP hidden behind a sofa.
This article appeared in the Britain section of the print edition under the headline “Revision pays off”
Britain September 9th 2023
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