Wednesday, Apr 07, 2010
Hmmm..........
BBC News: UK economy set to outpace most rivals, says OECD
The UK economy is forecast to outstrip its G7 rivals in the second quarter of this year, says the Organisation for Economic Co-operation and Development.
Posted by paranoia blue @ 12:53 PM (1862 views) Add Comment
26 Comments
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1. icarus said...
The BCC said a double-dip recession had been avoided. How does it know that? I thought you had to rise up out of the first dip, and then wait and see, before you could know that a double-dip had been avoided.
2. mander said...
If OECD says so, we have to believe them and start buying houses ten times our salary.
3. Crunchy said...
It's the BBC. What does one expect, realism?
4. waitingfor hpc said...
God - then the other members of the G7 must be doing even worse than us !! lol!!!!
5. mrflibble said...
Yeah and we better act quickly too before they go up to 12x income...
6. alan_540 said...
Let's hope this is true, but I'm suspicious of the timing this close to the election.
7. Mrhappy said...
oh yeah, like the OECD is in gordon browns pocket....
8. jack c said...
As waitingfor hpc points out - "Eurozone growth lowered to zero" full story on BBC Business section news.bbc.co.uk/1/hi/business/8606878.stm
9. cyril said...
I expect it's because the financial services sector has benefited from the mountains of taxpayer cash that's been injected into economies around the world.
Do they measure GDP in a country's own currency? Zimbabwe is probably doing better than the UK if so.
10. mr g said...
More likely it will outstrip the G7 down the pan.
11. smugdog said...
jit·ter·y (jt-r)
adj. jit·ter·i·er, jit·ter·i·est
1. Having or feeling nervous unease: The HPC brigade become jittery as the UK economy improves.
12. paranoia blue said...
Avoid the VI mush - jittery for the correct rationale:
To cite a recent investor’s advice, “Britain's economy as a ‘must to avoid’” and says, “gilts are resting on a bed of nitroglycerin.”.
13. waitingfor hpc said...
who is this jerk smugdog?
lets just see what happens after the election .......................... afterall the plan was always to inject enough in the economy to win said election AT ANY COST.
In my manufacturing world we are seeing HYPERINFLATION on commodities - prices up by 25 to 40% and still going ......
14. rumble said...
"as the UK economy improves"
-- What's been fixed?
15. timmy t said...
smugdog you really do talk a load of b0llocks for an intelligent man. Nobody on this site wants the economy to go down the toilet, but we want a real, sustainable economy with real jobs, rather than a debt fuelled scheme which is designed to make voters feel good but will inevitably end in tears. If we never had the house price rises that we did, then a big chunk of the economic "growth" that we saw during the boom years would never have happened. So here we are trying desperately to put off the hangover that is headed our way. Why on earth we have a political system where the guy running the country hasn't been fired for gross incompetence I will never understand.
16. luckyjim said...
"Nobody on this site wants the economy to go down the toilet"
I'm sorry Timmy but that is just not true. Many people on this site would like nothing more than a full blown thatcher-like recession (as long as it doesn't affect them of course).
17. timmy t said...
luckyjim - they are tw@ts then.
18. luckyjim said...
Now that IS true.
19. Stammer said...
@ 13 "afterall the plan was always to inject enough in the economy to win said election AT ANY COST."
or shaft the Tories in making them the bogeyman for their 5 year term guaranteeing labour an "in" at the next election, it certainly was not for the common good. Is this the only downturn that the UK will ever have, and what do we do at the next one buy our way out again?? no effin chance, short termism meets opportunism.
20. smugdog said...
Timmy T, have you been partaking of the "Wife Beater" again of an afternoon.
There is help out there don't you know.
Lukyjim, one that doesn’t follow the herd I'm sure.
21. alan_540 said...
Ooh smuggy, you are naughty!
22. mdmick said...
I word-searched 'rivals'.
Are you sure the article refers to other countries as rivals?
23. Essexman said...
Given that government cuts made in 2010/11 will not start to 'kick in' to the economy till the end of the year, and Quant Easing is unlikely to be reversed, I think this is a reasonable prediction.
24. the number cruncher said...
Smugdog, I am a natural iconoclast, and so love your posts; keep them up.
You are of course wrong and an economic illiterate if your views are actually your own, which I doubt; but that should not stop you.
Our economy has only survived debt expansion, historically, by the exploration of other country's wealth though violence. Once upon a time our force of arms achieved that for ourselves, but now we are doing that by hanging on to the American's coattails. My greatest fears are that out future politicians will use war to manage our debts and not inflation or recession.
I would love to hear your moral reasoning for continued debt expansion in the historic scenario I have just outlined?
25. This comment has been removed as it was found to be in breach of our Blog Policies.
26. smugdog said...
Touché TNC!,
I no longer have a moral compass or a feeling of responsibility to others in
this bloated society.
We are most definitely heading towards an almighty debt fueled abyss with only
cheaper and cheaper credit being the nectar to sustain it, but not so indefinitely.
“War, what is it good for? Absolutely nothin'!"……..perhaps not so, but a high
Price to pay for blunder and governmental gaffes.
My endeavor is to gauge when to step away.