Jump to content
House Price Crash Forum
Sign in to follow this  
Wait & See

Whoops, Recovery Just A Dream

Recommended Posts

UK economy continues to contract

"The bottom line was that today's number is pretty dire, and a sharp wake-up call for anyone who had already been dreaming of recovery."

Colin Ellis, Daiwa Securities

"We are clearly out of the abyss but still have a difficult time ahead," said Brian Hilliard, economist at Societe Generale.
"For this to now happen would require a remarkable bounce back in the second half of the year with growth of around 1.5% of the remaining two quarters," said Richard Snook, senior economist at the CEBR.

"Weaker growth than the chancellor expects means that public sector net borrowing will exceed the £175 bn projected for the 2009/10 fiscal year," he added.

Out of the abyss........... :rolleyes:

Roll on 2010 and Gordo & Merv's QE meltdown. We've never had it so good. :blink:

Share this post


Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   289 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.