View full page at forexfactory.com

 

Double-dip recession could be wiped from history as officials rethink growth figures from early 2012

From thisismoney.co.uk

Britain's double-dip recession might never have happened because Government number-crunchers now reckon the building industry did better than previously thought in the first quarter of 2012. The second recession at the end of 2011 and first half of 2012 could be erased from the records when revisions to earlier data are released tomorrow alongside a third and final growth reading for early 2013. Until now, Britain is thought to have fallen into recession for a nine-month period to the middle of 2012 following on from the deep recession of 2008 to 2009. A recession is technically classed as two consecutive quarters of ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News