Did the double-dip recession ever happen? It looks increasingly possible that it didn’t — the BBC reports the latest revision to the data:
A revision by the Office for National Statistics (ONS) has cast doubt on the UK’s double-dip recession last year. Revised growth estimates now suggest the construction industry shrank in the first quarter of 2012, but by less than previously thought. Analysts say the revision may be enough to mean the overall economy narrowly avoided falling into recession for a second time. The ONS is due to give official confirmation of this in June.
In fact there was a …






