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Capital Markets Law Journal 2009 4(3):267-269; doi:10.1093/cmlj/kmp031
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Published by Oxford University Press. All rights reserved.

Editors’ Note

Jeffrey Golden and Lachlan Burn
The first 10% of the full text of this article appears below.

On the day we write this note, a leading newspaper in the UK has a bold front page headline reading ‘"The recession has ended"’. This is not just journalistic surmise. The report is based on the work of the highly respected independent research body, the National Institute of Economic and Social Research. According to the report, the UK's economy grew by 0.2 per cent in April and by 0.1 per cent in the preceding month. These are not astonishing growth numbers by the standards of the pre-credit crunch world. But in the light of the doom-laden predictions of so many over the last year or so, who foresaw a 1930s-style depression, they are pretty astounding.

. . . [Full Text of this Article]


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