Friday, Jul 24, 2009
It ain't over till it's over!
Mail online: Recession twice as deep as 1990s as economy suffers worst slump since records began
"The size of the drop came as a surprise, as the City had predicted only a 0.3 per cent decline following signs of a pick-up in the housing market and High Street spending".
Posted by tim miller @ 06:35 PM (376 views) Add Comment
2 Comments
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1. novice pete said...
Nah! It'll be all over by Christmas..... you know those green shoots and all.
2. nomad said...
Presumably the adjusted figure will be more like 1% because the provisional figure for the first qtr was 1.9% later adjusted to 2.4%.
Staggering how quickly forecasts are proved to be way out.