Back in March, Chancellor George Osborne was waiting nervously for economic
output figures, which could have showed the UK sliding into a triple-dip
recession. But now, on the eve of the Autumn Statement, the picture could hardly be more
different.
The triple dip did not happen. The double dip was even revised away after the
ONS calculated that output was flat in early 2012 rather than falling, as had
first been thought. As spring turned to summer, the UK economic climate brightened rapidly and
independent analysts started revising up their growth forecasts for this year
and next.
http://www.bbc.co.uk/news/business-25198125
