The popular and oft-quoted definition of a recession is two successive quarters or more of falling output, usually referred to as the ‘technical’ definition.
It is of course not really very ‘technical’ – and surprisingly is entirely unofficial. It is an easily measurable and easily understood rule of thumb that suits headlines rather than analysis. Read more


Kate Allen
Chris Cook
Emily Cadman
Martin Stabe
Keith Fray
Norma Cohen
Valentina Romei
