HC Deb 12 July 1984 vol 63 cc668-9W
41. Mr. Knox

asked the Chancellor of the Exchequer whether there have been any further signs that the economy is recovering from the recession.

Mr. Peter Rees

Yes. GDP is growing at an underlying rate of 3 per cent. a year and is now at its highest ever level. Growth is broadly based; total fixed investment was up 10 per cent. over the year to the first quarter of 1984; and in the three months ending May total export volumes (excluding erratic items) were up 9 per cent. on the same period last year.