Britain's seemingly dire economy isn't actually doing that terribly

On the surface, the British economy looks to be on shaky ground, but things aren't as bad as they might seem.
That's the assessment of Andrew Goodwin, lead UK economist at Oxford Economics.
Goodwin argues that the way people are analysing the data makes it look a lot worse than it really is.LONDON — Virtually every indicator and data point released in April and early May for the UK economy was below expectations, and some were truly terrible.
Here's a snapshot:Q1 GDP growth — 0.