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Recession Over? You're Having a Laugh
FLINT, UNITED KINGDOM--(Marketwire - Feb. 2, 2010) - Following the Treasury's announcement that the Gross Domestic Product (GRP) increased by 0.1% in the last quarter of 2009, how many of us really believe that this piffling improvement over a three months period proves that we are now out of recession and 2010 will herald a return to the halcyon days of full employment and bulging order books. Probably very few - at least amongst those who are not confined to a mental institution.
The figure is so miniscule as to be a nonsense, and 0.1% won't make any practical difference to the economy. The Government has admitted that the figure is provisional and subject to amendment by as much as 0.2% upwards or downwards. If downwards that means we are still in recession.
View More : http://www.marketwire.com/mw/release.do?id=1110521&sourceType=3
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