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Why We Should Be Grateful When They Make The Recession Call

By Andy Shaw | January 23, 2010

Originally Posted 26th August 2008

For those of us that are old enough to remember the recession Britain went through in the 90’s, this may remind you of something that happened back then.

Virtually everyone was saying that we were in recession but the government denied it for ages. They were able to do this because recession is a mathematical calculation that is always worked out looking backwards, and it is really best defined after a longer period of time. So in other words by the time they make the recession call, we’ve been in one for quite a while.

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Topics: The Economy | Comments Off

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