Britain isn't building its way out of this downturn | Business | guardian.co.uk
In a recovery, construction leads the way. Its a truism of economic analysis that construction, while only a small part of the economy at around 7%, gives GDP a strong push out of a recessionary trough.
The property market may be the principle cause of one recession after another, but at least construction can be guaranteed to lead us out.
Friday's figures from the Office For National Statistics show this time it could be different. Data for the fourth quarter is distinctly underwhelming.
Output contracted 0.5% quarter-on-quarter, limiting annual seasonally adjusted growth to 2.8% in 2011.
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