We're out of recession? - don't you believe it!

The BBC, amongst others reported today
"The French and German economies both grew by 0.3% between April and June, bringing to an end year-long recessions in Europe's largest economies."
Whilst technically (i.e. the arbirary cut-off point has been hit) this doesn't really mean anything.
More companie's go under on the way out of a recession than on the way in - which really, if the above is to be believed - the pain has just started.

It is questionable how accurate these figures are - it takes time before the economists actually have a decent idea of what has actually just happened -time will tell whether these figures stack up

No mention of inflation which is bound to be an issue soon. Inflation in China and elsewhere - quantitive easing...

We're in for some interesting times