Saturday, 19 December 2009

Out of recession?

Slí Eile: There are three types of economists - those who can count and those who cannot count. Counting two quarters of growth in GDP in a row qualifies as a 'recovery'. So, lots of waiting on the next CSO Quarterly national accounts data. In the meantime, consider an article by the Economist
here. There is talk of the 'Great Stabilisation' following the Great Recession. It is right to say that nobody knows how long, how much, where. In the meantime, the 'Markets' are god and their sentiments judge the world.

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