Prime Minister May Have Hinted at Confidential ONS Economic Growth Report
The news on how the economy has performed the last quarter will be released tomorrow by the Office for National Statistics (ONS). Experts have their opinions on what the news will reveal but Prime Minister David Cameron may have given a large hint as to what can be expected. Today he stated that “good news will keep coming” after he listed positive changes that had recently occurred in the government and economy during question time. Experts believe that since he had the opportunity to review the data this morning that he may have let the information slip concerning the economic growth status in the small statement.
Economists are forecasting that the double dip recession in which the UK economy had plunged will have ended during the third quarter. While there are many expecting the news no one could know for sure. The data is market-sensitive and therefore is kept under tight control until the ONS releases the information formally. Some are quite upset that the Prime Minister may have leaked such delicate information but despite being privileged to the information no one can confirm that Mr. Cameron had already reviewed the ONS report before his statement nor that the “good news” he was referring to was the report on the GDP figures.
The market did show change about the time of the remark and that has definitely helped stir the pot for those that are outraged at the possibility Mr. Cameron was indeed referring to the ONS data.
Tomorrow all will know how the UK economy is doing. The fact that the data is expected to be positive and the Prime Minister may have hinted that expectations are on target is less than a concern as it is that things may indeed be on the right track and hopefully even more good things will be coming in the future.