
No, Gordon, this recession hasn’t been milder than others
Today’s new economic data gives a handy piece of ammo to the Conservatives. It is untrue that, as Gordon Brown says, this recession was somehow milder than others. The economy contracted by 6.3 percent this time – it was 3.8 percent in the 1980s recession and just 2.4 percent in the early 1990s recession. I
