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Friday, 4 November 2011

Economic Gloom

Yesterday, I was at an awayday talking about next year's budget. As part of the scene setting, we were shown some general economic data, including a graph unfamiliar to me.  It showing the relative speed of recovery from recessions in the UK i.e. for GDP to get to pre-recession levels.  The current recovery is forecast to take longer than in the 1930s; let alone any other post war recession.

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