Don’t worry about the triple-dip recession - it was just a dream sequence
by Simon Goodley from on (#NPF8)
The ONS "blue book" has a penchant for rewriting economic history as it revises data. It can all be a bit of a soap opera
Like the death of Dallas character Bobby Ewing, economics can deliver alternative realities that leave you feeling cheated for having believed the old plotlines.
Millions might have thought they'd witnessed the UK economy heading for a triple-dip recession in 2013 - just as soap fans reckoned they'd watched the demise of their hero in the 1980s - but George Osborne in the Treasury (and Bobby's wife Pamela in her en-suite) were relieved to discover that both events had just been nasty dreams.
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