Earlier this week I wrote that overly focusing on the prospect of a “triple dip” recession was blinding too many to the equally damaging prospect of continued stagnation. Maybe I was too specific; it seems that some are still focusing on the last recession (the one we now call the double-dip).
The Telegraph quotes the chief economist of Henderson Global Investors, Simon Ward, who argues that “Britain never had a double dip recession”. Building on the recent upward revisions to the ONS’ estimates of growth in 2012, Ward says that:
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