Are we already in recession?
Are we actually in recession? Both the highly respected Item Club and the Centre for Economic and Business Research have suggested so today.
Both have slashed their forecasts for 2012 and 2013 are expecting growth well below that forecast by the OBR in November.
We get the next set of OBR forecasts at the Budget in March and already it’s looking like they may have to be downgraded once again.