When did the recession actually start?

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Hi Guys!

With all this talk about the UK recession and trying to actually get out it....

When did the recession start? and how long have have we been in it?

I have obviously 'googled' it but get different answers. Wikipedia (lol) says: It Started Jan 2008 - Ongoing (Forecast Recovery 2010-11)... So about 16 months now!

Any other opinions out there?

FatP

 

Shouldn't that be "officially"?
We all know it started before those stats

 

What recession? My business is up 40% over this time last year and the only time I get a day off is when I'm so sick I can't crawl out of bed. It sure as hell wouldn't hurt my feelings if things backed off to 40 hours a week.

 

We're in a recession?

Why didn't someone tell me?

 

A recession is usually defined as two consecutive quarters of declining GDP, so in as far as it has a starting point, it would be in June 2008.