Most people expected this morning’s official GDP statistics to show that the economy has come out of recession. But they didn’t. In fact, they had the economy shrinking by 0.4 percent in the third quarter of this year. So the downturn continues – and it’s the longest on record.
We’ve always maintained on Coffee House that coming out of recession won’t do much good for Brown. But, obviously, staying stuck in one has far more dangerous implications for him (not to mention the country). Obviously, the government won’t be able to deploy the green shoots strategy now. But with other major economies already out of recession, they’ll struggle to deploy it in future. You imagine the Tories will have a field day with this. And – who knows? – it could just mobilise a few of Brown’s internal opponents too.

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