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



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 this morning 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... read more

 
27 June 2013 in Business, Views: 1
Source: Daily Mail
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