Jump to content
House Price Crash Forum
Sign in to follow this  
rollover

Slump Of The Century To End This Summer

Recommended Posts

The longest downturn for at least a century will end this summer as the economy finally recovers the ground lost in the Great Recession, according to a report published today. Gross domestic product is still 1.4 per cent below its pre-recession peak having dropped by a punishing 7.2 per cent in 2008 and early 2009. But the British Chambers of Commerce believes it will make up the rest of the shortfall in the second quarter of this year – more than six years after crisis struck. Link

article-2576952-1C28931B00000578-323_634x409.jpg

It's like before the Great Depression of the 1930's.

Edited by rollover

Share this post


Link to post
Share on other sites

The last three recessions have been uncannily similar in shape if not size, even to the extent of trying for the W during the ascent out.. It would be indeed surprising if we got a recession now when history points to the fact that you hit maximum velocity once you escape the trough.

The exception was the W shaped 73-76 trough . However, overdrive was found once the trough was exited. Only chance for the Cassandras is that we are on a big W, though the 6 years that has elapsed since peak GDP doesn't really fit that model..

Incidentally we have three threads going on this now, and I was one of the culprits not to spot the original.

Edited by crashmonitor

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:   212 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.