While temperatures are below freezing, we are not shopping (part of the C in C+I+G+(X-M) ) as much as expected - neither is transport functioning in the cold weather (think of it as a factor of production). The result: a downward revision in forecast GDP growth is likely. Count the snow days of last week and during this week, and watch the video clip below to decide how much this year's forecast GDP of £1.4 trillion might reduce by (2 after the decimal point, answers to my email account please). Closest answer wins!
Hint: as I write this, the £/$ exchange rate is 1.56.
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