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let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk economy is

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