Doesn't he know you can just attach more criteria to the definition of recession to get out of one?

i'd be amazed if the uk wasn't in a recession from all the news coming out of that shithole

Haskel said he was worried about the high level of wages growth. He added that interest rates should remain high until there was evidence that wages growth had settled at a lower level.

It's 2024 and the liberal high priests of capital still do not have a proper theory of inflation.

Wishing all Philips-curvecels a very Merry

That's one way to hit your inflation target

The new strategy is pretending you're not in a recession until it becomes impossible to lie, at which point you say, "Professor Willem Mathematik-Numbarguye from the Paul Volcker School of Business at the Economic Institute of Economics said that we entered a recession 18 months ago, we had no idea until he texted us just now."