Politics 26 October 2012 “Unless you know what the Olympic effect was you can't really say what this means" Business quote of the day. Print HTML “Unless you know what the Olympic effect was you can't really say with any degree of accuracy about what this means for the overall recovery” Peter Dixon of Commerzbank, as economists digest yesterday’s news that UK GDP has increased by 1 per cent in the last quarter. The government said this means the economy is “on the right track" but the Office for National Statistics have warned that figures had been artificially boosted by two short-term factors: the Olympic Games and June's extra bank holiday for the Queen's Diamond Jubilee. › Debate is raging - but the parties just seem to be drying up Short term boost. Photograph: Getty Images Helen Roxburgh is the online editor of Economia Subscribe More Related articles We are heading for the next recession – it's crucial the right people are in charge Five years of profitable themes and stocks… Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn?