27 Dec 2011

Xmas sick heralds soft landing for UK economy

My research programme this December predicts that the the UK economy will shrink by around 8% during 2012.  While this certainly points to difficult times ahead, it may not be the severe 'hard landing' that some economists have feared.

The prediction about the future of the economy is based, as usual, on the amount of seasonal vomit found on the pavements in Westminster during the month of December up to Christmas eve.  Perhaps surprisingly, this measure has proven to be a very reliable indicator of the size of the UK's gross domestic product (GDP) in the following year, as the graph shows.

Some economists have queried why there should be any relationship between sick and GDP.  My answer is that the piles of vomit are a clear 'lead indicator', reflecting the underlying confidence of Londoners as they face the year ahead.  When businesses provide generous Christmas parties at which the food and drink flows freely, we see the results on the pavement the next day.  And when people are more confident, carefree and uninhibited, this is reflected in their drinking behaviour in pubs and clubs - with predictable (and measurable) results.


David said...

More research is needed into the composition of the deposits to ascertain the expenditure needed to produce the deposit

Bob said...

I shudder to think what "gross domestic product" refers to.