Relevant:
- Don't Worry, It's Only a "Mild Recession"
- German growth too weak to lift eurozone from recession
- German Economy Contracts in 4th Quarter; Spain's Industrial Output Plunges 7%; UK Trade Deficit Widens; European Banks Wisely Hoard Cash
- NBER Likely to say "Recession Ended" July 2009; Assessing the Real Time Probability US Back in Recession
- Italy Faces 2-Year Recession says IMF; European Recession Neither Mild Nor Short
2012-04-25 — globaleconomicanalysis.blogspot.it
It is amusing to watch economists toss around ridiculous terms like "technical recession" to justify their poor forecasts. The entire eurozone is now in recession and the UK was sure to follow because so much of its trade is with the eurozone. This was easy to predict, yet few did.
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