Recession over (probably)

[suityou01]

Bet on a March election.

The figures for Q1 2010 should be worse, as the effects of QE, VAT cut and car stimulus disappear.

The Q1 2010 figures will come out in three months. If Labour left the election until the last moment, in May, we'd go back into recession in the middle of their election campaign.

Take a peek at linky

"The Q4 GDP figures are a major blow to hopes that the UK economy had emerged decisively from recession in Q4," said analyst Jonathan Loynes at Capital Economics.

"No doubt some commentators will claim that the figures are under-estimating the true strength of the recovery and will be revised up in time.

"That is certainly possible. But it won't change the big picture of an economy still operating way below both its pre-recession and trend levels of output."

Get ready for the cabaret, lights, glamour of the election.