§ 17. Mr. Ray Powell
asked the Chancellor of the Exchequer if he will make a statement on trends in gross domestic product since May 1979.
§ Mr. Brittan
Gross domestic product fell from its cyclical peak in the first half of 1979, reaching a low point in the second quarter of 1981. Since then output has begun to recover. There are strong indications that the recovery will continue in the course of this year and next.