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Friday, 26 April 2013

Are we out of the woods?

http://www.independent.co.uk/news/business/news/uk-narrowly-escapes-tripledip-recession-as-gdp-figures-show-03-growth-in-first-three-months-of-year-8587195.html

UK narrowly escapes triple-dip recession as GDP figures show 0.3% growth in first three months of year.

Something to smile about ?



Joy, happiness, "green shoots" speculations and great euphoria pouring out of Sky News and BBC News 24 with nauseating predictability. When these manufactured figures are revised downwards (as they invariably are), there will not be much mention of the "triple dip recession", but by then the propaganda will have done its work and people will be content and relieved. Well, some will be.