The OBR, the Office of Budget Responsibility, is stuffed full of economists. The good news, if you’d like some straws at which to grasp, is that most economists, for all their graphs and stats, don’t have a clue what’s going to happen. How many predicted the banking crisis, and then thought austerity was actually a good idea? Virtually none and most, is the correct answer. So maybe this time around it’s the few positive thinkers to whom we should be listening, those who say it won’t be as bad as we think and there is hope of prosperity for all, despite war, inflation, food poverty and rocketing fuel prices. I’ll let you know when I find them.
“Is the UK recession over? Latest UK GDP stats show growth uptick in January: investment experts warn against complacency”
We have been or are, depending on your point of view or choice of statistics, in the midst of a recession. The faint glimmer at the end of a long tunnel is that the economy apparently grew in January, although 0.2% isn’t exactly storming ahead.
