The Recovery Meme and Why It's Just Talk

10-26-2012 • http://www.thedailybell.com, by Staff Report

'End of recession' greeted with joy in defiant Notts ... The end of Britain's longest double-dip recession since the 1950s has been welcomed by leading figures in Notts. The Office for National Statistics yesterday issued a preliminary estimate of GDP growth for the third quarter of 1 per cent – outperforming City expectations. The rise is the largest quarterly increase since 2007, and means the UK has escaped its recession after three successive quarters of growth. John Dowson, head of policy and representation at Derbyshire and Nottinghamshire Chamber of Commerce, said the news was not surprising. Chamber research had shown no indications that the economy in Notts was in a double-dip recession. "Indeed, the latest survey found that confidence levels for firms are at their highest level in five years, with as many as 80 per cent planning to grow their business turnover over the next 12 months," he added. – This Is Nottingham