{"id":56501,"date":"2021-04-13T08:16:05","date_gmt":"2021-04-13T07:16:05","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=56501"},"modified":"2021-04-13T08:16:05","modified_gmt":"2021-04-13T07:16:05","slug":"not-so-u-shaped-after-all","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/04\/13\/not-so-u-shaped-after-all\/","title":{"rendered":"Not so U shaped after all"},"content":{"rendered":"<p>Do you remember all those who confidently said that we'd have a U shaped recession and that the recovery from Covid would be an immediate bounce bank?<\/p>\n<p>This is <a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/bulletins\/gdpmonthlyestimateuk\/january2021\" target=\"_blank\" rel=\"noopener noreferrer\">from the ONS this morning:<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-56502\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21-550x515.png\" alt=\"\" width=\"550\" height=\"515\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21-550x515.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21-320x300.png 320w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21-768x719.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21-427x400.png 427w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-13-at-08.13.21.png 1410w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>That does not look very U shaped to me. More like a stuttering.<\/p>\n<p>Expect more of the same. The reality is that this is far from over, but only Joe Biden seems to realise that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you remember all those who confidently said that we&#8217;d have a U shaped recession and that the recovery from Covid would be an immediate<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/04\/13\/not-so-u-shaped-after-all\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181,35],"tags":[],"class_list":["post-56501","post","type-post","status-publish","format-standard","hentry","category-coronavirus","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/56501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=56501"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/56501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=56501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=56501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=56501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}