OECD
Manufacturing decline ended in January
While the OECD and other forecasters continue to pump out gloomy assessments of the outlook for the UK economy, most commentators appear not to have noticed that the decline in manufacturing activity ended as long ago as January.
UK recession: long but relatively shallow
Projections published by the OECD today show that the recession in the UK is likely to be longer than in other G7 countries but of average severity. Although it is of little comfort given the projected 4.7% drop in year-on-year growth for Britain in 2009 but Germany, Japan, and Italy all face worse recessions.