Avoiding recession by 0.01 per cent of GDP little to celebrate

Economics

Avoiding recession by 0.01 per cent of GDP little to celebrate

14 February 2023

Economics | In the Media | Tax and Fiscal Policy

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Mark Littlewood appears on GB News

IEA Director General Mark Littlewood appeared on GB News to discuss news that the UK economy narrowly avoided recession in 2022.

“I think we get too over obsessed over are we technically in a recession or technically not a recession. The truth is that if these statistics are accurate we’ve avoid a recession by 0.01% of GDP. Hardly anything to be particularly pleased about!”

Watch the full conversation here (10:00)

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