Synopsis: The latest figures from National Statistics suggest the UK economy is still shrinking. Is the UK still in recession? In the days before last Friday´s release of GDP figures from National Statistics, most economists would have said ´probably not´. The consensus forecast was for GDP to have shown an increase in the third quarter of 2009, albeit by only…

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Let’s turn to a question we’ve heard frequently in recent weeks and months, granted we’re in a recession now but shouldn’t we have seen it coming ahead of time? Here’s the challenge of trying to see it ahead of time.  According to the National Bureau of Economic Research the recession started in December 2007, but was it clear to everyone…

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