The reason France has gone into double-dip recession | Ann Pettifor

This isn’t a uniquely French problem – EU nations of various political hues are in trouble because of a fixation on austerity Today’s BBC headline fairly trumpets the news: “French economy returns to recession”. Funny how we Brits seem happy if our trans-Manche neighbours are doing a wee bit worse than we are. Especially if […]


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When is a recession not a recession? | Heather Stewart

ONS number crunchers now argue the three quarters of declining GDP in 2011/2012 may not have made a double dip When is a recession not a recession? According to the Office for National Statistics, when the economy is “broadly flat”. Fresh from announcing that Britain has escaped a triple dip, the nit-picking number-crunchers are now […]


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UK GDP since 1955

Gross domestic product is the economic output of Britain. See how it has changed over time• Get the data• Interactive chart: How does this recession compare?• Chart: GDP change since 2008 We’ve just escaped a triple-dip recession: GDP for the last three months rose by 0.3%. If the economy had shrunks again in the first […]


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