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Uk Economic Growth Will Strengthen For Rest Of 2013, Say Experts

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http://www.theguardian.com/business/2013/aug/08/uk-economic-growth-strengthen-2013

Hopes that Britain's emergence from the doldrums is finally gathering speed have been given a boost by Paris-based thinktank the Organisation for Economic Co-operation and Development, which said on Thursday the recovery would continue to strengthen for the rest of the year.

The rosy outlook was repeated in forecasts for the eurozone and the US, which have seen their recoveries gather momentum.

The OECD said the UK's growth was "firming" after a rise in its composite index from 100.6 in February to 100.8 in June. A reading of 100 indicates the country is running at its expected growth rate in the economic cycle.

After an 18-month recession, the eurozone is also turning its fortunes around, led by Italy, which stood at 99.5 in February but recovered to 100.7 in June, although the European Central Bank said yesterday its survey of economists revealed they thought the turnaround would be slower than they had expected in the spring.

Experts looking once more into the crystal ball and making up predictions.

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Anyone can say anything and why would anyone think an so called 'expert' would know anything more than anyone else, how many times do 'experts' get it wrong that they begin to lose all creditability? ....by saying that is it supposed to make people feel better, confident enough to go out spending?......the best way to find out if things are improving is to go out and ask the people on the ground if they are feeling the feel good factor........words mean very little, actions, truth and reality are all that counts.....how long will this expert 'growth' take to filter into the real world? ;)

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UK economic growth will strengthen for rest of 2013, say experts

OECD says UK growth is 'firming' and the rosy outlook is matched by forecasts from eurozone and US

Even Zimbabwe's got 10.8% GDP.

http://

www.tradingeconomics.com/zimbabwe/gdp

It's meaningless in terms of real economic health.

UK economy's "rosy outlook" :rolleyes:

Edited by billybong

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Indeed, in either the Times or Telegraph today it was reported early estimates for present growth suggest we are annualising around +2.4%, against 1.7% in the US. Also the fastest in developed Europe.

Edited by crashmonitor

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Consumer-spending-010.jpg

Yay we can all go shopping again

What else is there?

Edited by chronyx

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Even Zimbabwe's got 10.8% GDP.

http://

www.tradingeconomics.com/zimbabwe/gdp

Precisely, looking purely at a historic table of growth for Zimbabwe, it is ostensibly healthy.

Unfortunately, it's an absolute disaster when put next to the rates of inflation. Until Zimbabwe gave up on their currency, the rate of inflation hadn't been in single digits for over 30 years.

If costs increase faster than growth, nobody's getting richer.

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Consumer-spending-010.jpg

Yay we can all go shopping again

What else is there?

Maybe all this population growth boosts the figures up, the fastest in Europe. It is adjusted per capita, but perhaps they are not keeping up.

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Consumer-spending-010.jpg

Yay we can all go shopping again

What else is there?

Not when they can't even sell it on bbay for 99p.......you can't give the excess stuff away. ;)

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If costs increase faster than growth, nobody's getting richer.

The growth figures take into account inflation.

What's funny I was watching the (french) news on Friday and they were claiming that growth had slackened in the UK and that France was "out of recession" despite the finance ministry revising down its growth forecast for 2013 from +0.1% to -0.1% (ok I know that is technically possible if there is a end of year spurt).

Of course it is a long running News meme in France that "it may be shite here but it is worse elsewhere".

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The growth figures take into account inflation.

What's funny I was watching the (french) news on Friday and they were claiming that growth had slackened in the UK and that France was "out of recession" despite the finance ministry revising down its growth forecast for 2013 from +0.1% to -0.1% (ok I know that is technically possible if there is a end of year spurt).

Of course it is a long running News meme in France that "it may be shite here but it is worse elsewhere".

I thought that was the UK's long-running news meme?

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