Quote:
Originally Posted by Hugh
Small flaw in that theory - the 2012 recession was caused by negative growth in the last quarter of 2011 (Oct-Dec) and the first quarter of 2012 (Jan-Mar 2012),
The Olympics were in July/August 2012...
Anyway, after its historical data, the Office for National Statistics said growth was flat in the first quarter of 2012, revised from an earlier estimate of a 0.1% contraction. This means the economy did not contract for two quarters in a row - the definition of a recession.
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Don't shoot the messenger, take it up with him. I’ll side with him for now.
---------- Post added at 21:48 ---------- Previous post was at 21:46 ----------
Quote:
Originally Posted by Hugh
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Ooh that was lucky, I could have been shot!