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hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter ....
Fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter on quarter and that is just not where we are. doesn t matter if the uk is in recession? does it matter? if you ve got falling output, i think it does matter. when you start thinking about recessions and falling output and the way that that ben relates to everybody in the economy, inaudiblejob cuts, economy, inaudible job cuts, job economy, inaudiblejob cuts, job security, it does reverberate throughout the economy. reverberate throughout the economy- economy. there s quite a variation economy. there s quite a variation in economy. there s quite a variation in the economy. there s quite a variation in the pic- economy. there s q ....