Slump Of The Century To End This Summer

[rollover]

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

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

Edited March 10, 2014 by rollover

[rollover]

Just in time before the next election.

Edited March 10, 2014 by rollover

[Tin Foil Hat]

It's BS. Why am I still skint and not getting any pay rises then (public sector)?

[crashmonitor]

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 March 10, 2014 by crashmonitor

[Errol]

http://www.jsmineset.com/