The recession’s over … it’s recovery time!
Great news isn’t it? Listening to yesterday’s budget, the political buzz-phrase that kept ringing out was “as we proceed to recovery”. Isn’t language marvellous? We went from boom-time, to downturn, then recession lasted a week, and now we’re “heading to recovery”.
Call me old fashioned, but when the economy is due to shrink 3.5% this year, according to Alasdair Darling (4.1% according to the IMF), that’s still in the serious mire of recession.
I suppose by the same logic, we should start referring to premiership footballers as “heading for the commentary box”, or newborn babies as “heading for retirement”.