Sunday, Sep 06, 2009
Lmao!
BBC: Economy to BOunce Back by 2010
So the article starts off "The British Chambers of Commerce expects the economy to grow 1.1% in 2010, almost double its previous forecast of 0.6% made in June," but then goes on to say "The group expects the UK economy to shrink by 4.3% this year, more than its June forecast of 3.8%. "
So let me get this straight, these guys think the UK economy will grow by more in 2010 than they thought three months ago although think it will contract by more this year than they thought 3 years ago. (0.5% more!)
I wonder whether the BBC thought about a different title to the article. Let's say, for example, "UK economy to Collapse by more than first thought (which was wasy more than what everyone previously thought)"
Posted by brickormortis @ 01:05 PM (721 views) Add Comment
6 Comments
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1. brickormortis said...
3 years should say 3 months, of course! ..and sorry abou the typos!
2. gone-to-colombia said...
Laughable, we are only at the end of the beginning.
In ignorance the country runs towards the precipice like so many lemmings in search of flight.
3. Wolseley said...
Hang on... a 4.3% drop followed by a 1.1% rise would leave us worse off than the old prediction of a 3.8% drop followed by a 0.6% rise.
4. mrflibble said...
Mr Osborne added that if the UK did not exit recession this year it would be an "absolute disaster" given that France, Germany and Japan have already begun to recover.
"It is striking that much of the world has left recession but we haven't," he said.
And thanks to the UK's obsession with keeping house prices unaffordable we won't be exiting the recession any time soon either, certainly not this year, that's just ludicrous. We have a house price crash to get through first before we can even contemplate the idea of a recovery...
5. ianbe said...
Has anyone else noticed that the recovery is always 6 months away?
6. paul said...
Excellent point, ianbe.
The recovery is always being touted as arriving at some indefinite point in the near future. As much as I'm not keen on Labour, I will give Darling some credit for standing up to ol' Brown Shoots.