rantnrave Posted April 25, 2012 Posted April 25, 2012 (edited) -0.2 UK BACK IN RECESSION Edited April 25, 2012 by rantnrave
ticket2ride Posted April 25, 2012 Posted April 25, 2012 -0.2 UK BACK IN RECESSION looks like George & Dave have precipitated the 2nd leg down.
rantnrave Posted April 25, 2012 Author Posted April 25, 2012 Obviously we didn't all buy enough fuel...
moonriver Posted April 25, 2012 Posted April 25, 2012 Oh well, at least we are one of the few who still have high house prices.
rantnrave Posted April 25, 2012 Author Posted April 25, 2012 But I can't fit any more diesel in my tank Tsk - you should've bought a bigger car. That would've boosted GDP too...
tinker Posted April 25, 2012 Posted April 25, 2012 I can hear it now... double-dip, double-dip, double-dip, double-dip, double-dip, double-dip... A little bit of honesty about the economy and how GDP works wouldn't go a miss. Of course, this is only the initial figure.
grandmaster Posted April 25, 2012 Posted April 25, 2012 And remember, this is in spite of the continued borrowing of untold billions effectively being injected into the economy.
moonriver Posted April 25, 2012 Posted April 25, 2012 Unexpected ? .. but of course... negative is always "unexpected", +0.1% was the expected.. so now we await the excuses.
Bearly Audible Posted April 25, 2012 Posted April 25, 2012 so now we await the excuses. Excuses already coming thick 'n' fast on 5live... Excuse #1: these Gdp figures clearly can't be trusted any more
nmarks Posted April 25, 2012 Posted April 25, 2012 Quick! Sell some more London properties to rich foreigners!
fluffy666 Posted April 25, 2012 Posted April 25, 2012 At least we are a triple AAA safe haven. As long as the BOE is prepared to borrow money from the BOE to make the interest payments on other money borrowed from the BOE, or economy is in perfect working order.
koala_bear Posted April 25, 2012 Posted April 25, 2012 (edited) And we have set ourselves up for a negative Q2 by bring forward buying 2 weeks worth of petrol/diesel into Q1. Given the BoE's earlier comments about construction numbers being strange in Q1 we may see revisions upwards. Edited April 25, 2012 by koala_bear
Democorruptcy Posted April 25, 2012 Posted April 25, 2012 I think it's time I stopped following politics and the economy. I am getting visions of Ed Balls and Yvette Cooper acting inappropriately on a table in some office.
nmarks Posted April 25, 2012 Posted April 25, 2012 Excuses already coming thick 'n' fast on 5live... Excuse #1: these Gdp figures clearly can't be trusted any more Bloke talking now is in denial that we are in recession at all.
Guest_James Toney_* Posted April 25, 2012 Posted April 25, 2012 think this will effect house prices? think there will be more QE anyone?
57percent Posted April 25, 2012 Posted April 25, 2012 Utterly meaningless figures when the BoE is printing 100bn/year and the government is borrowing 200bn/year! But will impact sentiment. The question is whether the BoE can get away with more QE. I think not.
FreeTrader Posted April 25, 2012 Posted April 25, 2012 Index of Production has hit a new low (90.1). Production for Q1 2012 was 3% down on same quarter last year.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now