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UK recession recovery worse than great depression

Wed, 18/12/2013 - 17:17 — dan

Following up on the recent OBR / Osborne stuff covered by Simon Wren-Lewis, Krugman does that bloody typical liberal thing of looking at the actual data. There's a lovely comparison of all recent UK recessions, with the recent one bumping along the bottom. As he says, it's a Three Stooges approach to economic policy:

Curly is seen banging his head against the wall; when Moe asks why, he replies, “Because it feels so good when I stop.”

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