WEEKLY COMMENT 20-12-2012
By Barry Edwards
In the UK the year of 2012 has not turned out to be as bad as many of us thought it was going to be even though we have gone through another official recession of two quarters of shrinking gross domestic product (GDP).
The Olympics transformed everyone’s doom and gloom into outright enthusiasm especially in London and the south east. Things are clearly not that rosy in the north but in general there is an air of confidence beginning to flourish although it is still very tenuous. Any major economic disaster story could wreck that feeling but at the moment there does not appear to be anything on the horizon that could be that threatening.