Recessions usually end with a whimper rather than a bang. They peter out as downward momentum fades and the levers turn from negative to positive. What was a torrent of bad news becomes matched, then bettered, by good news.
That is the process we have been going through for a few weeks, as I noted a fortnight ago in my piece on the stock market. The National Institute of Economic and Social Research estimates that the economy hit bottom in May, which chimes with surveys such as those from the purchasing managers.
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