Keep digging
1Q10 onwards (% YoY real GDP): 0.8, 2.1, 2.5, 2.2, 2.2, 1.4, 1.5, 1.5, 1.0, 0.6, 0.7, 0.4, 0.8, 1.7, 1.7, 2.7, 2.9, 3.2, 3.0
Tell me which number is a negative one?
We did have QoQ negative members (never 2 in a row) in 3Q10, 2Q11, 2Q12 and 4Q12.
Otherwise positive data – bad luck!
Yes, trying to pretend that Europe’s malaise is related to Conservatives is brilliant spin even by your standards. Compare the main socialist government in Eu with the Tories and then try again.
At some point, the Tories may actually deliver some fiscal consolidation (they do spin that story) but may be that is why the EC announced this week that “some fiscal consolidation is necessary”. To use your phrase, no shit Sherlock