Tuesday, January 26, 2010

End of the Recession?

All the media outlets are reporting that the ONS is expected to tell us that we are out of the recession this quarter. Of course they were expected to tell us that at the end of last quarter which left a lot of bloggers, commentors nad newspaper editors looking quite red faced when the real stat of a 0.2% contraction came through.

Will that happen today? With Christmas included in the figures I doubt it, but just like with unemployment figures, Christmas is a temporary blip, and with all the sales having happened in December and January and consumers tightening their belts in January (not to mention tax being due for the self employed) are we likely to double dip?

Related Content

No comments:

Post a Comment