Finally, we define a double-dip
recession as a decrease of real GDP that occurs after the trough but prior to the reversion point.
A review of the data by the ONS yesterday also cast doubt on whether there really was a double-dip
, noting that the declines in output in the three quarters that it covered were all modest.
Revised figures show the double-dip
recession is not as deep as feared, with a smaller contraction in the second quarter of the year.
5 per cent between April and June, marking the third consecutive quarter of declining output and the longest double-dip
recession since the 1950s.
7% between April and June, meaning the double-dip
recession is the longest since the 1950s, after the additional bank holiday for the Queen's Diamond Jubilee hit output.
The fourth Ernst & Young Turn Risks and Opportunities into Results report found that although the potential for a double-dip
recession dropped down the table globally to eighth position, in the UK it remained prominent, with respondents ranking it joint fourth, reflecting a relative slowness in emerging from the financial crisis.
Hills have cut the odds on a double-dip
recession in 2011 from 3-1 to 9-4 and quote 5-4 that interest rates will rise before August.
If there was a double-dip
across the UK we would know about it, but not in Wales because we do not collect quarterly GDP figures.
Nick Moon, managing director of Gfk NOP Social Research, said: "Overall, consumer confidence has been in constant decline for the last five months and a further fall would have made a double-dip
recession seem a very real prospect.
And while NBER avoids haste when pronouncing good news, analysts at Credit Suisse say that some commentators may be crying wolf, calling the persistent expectations for a double-dip
recession "over pessimistic," Bloomberg reported Wednesday.
Switzerland-based Credit Suisse's (NYSE: CS) private banking unit has opined that a double-dip
recession is unlikely.
Summary: WASHINGTON: Central banks may be the only remaining line of defense against a scary-but-remote double-dip
Summary: WASHINGTON, Jul 04, SPA -- Central banks may be the only remaining line of defense against a scary-but-remote double-dip
recession threat, according to Reuters.
new homes sales may officially mark the beginning of a double-dip
in housing activity.
corporate income tax, there is no double-dip
of the DCL.