Can green shoots survive outside the government greenhouse?

If there are green shoots appearing in the economy, then the slugs have started to munch them.
 
A shock fall of 2.4 per cent in the first quarter of 2009 is the worst quarter-on-quarter fall since 1958. The annual fall in the economy of  -4.9 per cent of GDP is the largest since records began in 1948.

In fact, have a look at the historical attempts (Labour Market Trends 2003 with the help of Thelma Leisner) to create annual GDP figures, and that number is the worst peacetime number since 1926 and 1931.

So in the year to March the economy was collapsing at the fastest peacetime rate for 75 years. Alongside those years it is basically the joint worst peacetime figure since 1900. If you are under the age of 77, you have never had it so bad.

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