Mike Shedlock

There is much talk of a triple dip recession in the UK. It depends on how you define it. If you call a recession two consecutive quarters of decline in GDP, with any quarter of positive growth ending the recession, then answer is yes.

Here is a chart from the Telegraph article UK heads for triple dip as GDP contracts 0.3pc to consider.

Double Dip?

The blue rectangles are mine. I see two recessions not three.

With 9 quarters in between recessions, one might ask "Is this even a double-dip setup?" I suggest yes, but there is no clear agreed-upon definition of how many quarters can be between recessions to call it a double-dip.

From the Telegraph ...

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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