No double dipping

[russell]

Ay??! That's dumb as nothing is actually receding...

A better definition might be that you're not out of recession until you've reached the level of output you were at before contraction started.

Yeah good point, I just think declaring we are out of recession with 4 quarters of 0.0001% growth is a bit of a liberty.

[DimPrawn]

If we only double dip it will be a miracle. Its depression that is a bigger concern. And right now the Western World is headed that way.

Not affecting house prices.

http://www.nationwide.co.uk/hpi/historical/Nov_2011.pdf

• House prices increased by 0.4% in
November

• Price of a typical home is 1.6% higher than
one year ago


People can obviously afford to pay more, so there's certainly no hardship.

As Jim would say, "Recession my arse".

[MrRobin]

How will this affect supplies of hummous and tzatziki I wonder?

<groan> Must try harder, HSM

[Hill Station Murthy]

A double dip recession?

How will this affect supplies of hummous and tzatziki I wonder?

[MrRobin]

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.

Ay??! That's dumb as nothing is actually receding...

A better definition might be that you're not out of recession until you've reached the level of output you were at before contraction started.

[BrilloPad]

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.

Its a very good point. As "normal" growth is defined as 2% per year.

[russell]

Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.

[TimberWolf]

Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn

whs.

[OwlHoot]

Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn

[BrilloPad]

If we only double dip it will be a miracle. Its depression that is a bigger concern. And right now the Western World is headed that way.

[Chutney Spoon]

Double dipping is very much to be recommended.

[Spacecadet]

[DimPrawn]

UK economy will face double-dip recession in 2012, warns OECD | Mail Online

This would never have happened under the CyberTories.