Now we know: the official preliminary estimate says that GDP grew by 0.2 percent in the first quarter of the year. So the double dip looks to have been averted (for now) – but not by much. The figure is at the low end of economists’ estimates and lower than the growth experienced in the final quarter of 2009.
Labour, of course, will spin this as further proof that we can’t risk the recovery by voting for those dastardly Tories. And the Tories will say that it shows just how damaging Gordon Brown has been for our economy. But I wonder whether voters will choose between the two messages, or come to see a hung parliament as a decent compromise between them. If it’s the latter, then fasten your seatbelts, etc.
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