26 January 2011

A Triple Dip Recession?

If 2010's fourth quarter results remain negative (-0.5) when they are revised next month and 2011 quite plausibly is also negative, the Tories will have achieved the first 'double dip' recession since the 1930s. However when we realise the cuts have only just begun and the really big cuts will not bite in until later this year then the Tories could achieve a new first - a triple dip recession. You heard it here first.

1 comment:

  1. I'll go one better.. quadruple dip! You heard it hear first :)