What would a Double-Dip do to the Economic Debate?
How crucial are next week’s figures? The provisional growth figures for the last quarter of 2011 will be published next Wednesday and will be keenly anticipated and picked over by media and politicians alike because of the prediction by the ITEM club report[1] this week that the UK was probably already in a recession. Recessions require at least two consecutive quarters of negative growth and as yet, we’ve not had one, never mind two. Even so, if the ONS publish…