Threat of double-dip global recession has ‘disappeared’

THE global economy is in a far better place than it was six months ago when “double dip” recession was still a major concern.

A new analysis of global trends suggests the threat of the world economy reverting to recession has eased.

“Now, the spectre of double-dips has disappeared from view, airbrushed away by rebounding economic data points and revived confidence readings,” said Donal O’Mahony, global strategist at Davy Research.