GDP down 0.4% in Q3
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Recession CONTINUES
- Thread starter El Presidente
- Start date
Uncle Spielberg
Well-known member
These figures are an utter DISASTER. It was expected to frow 0.2% and if contracted 0.4%. The difference is off the scale. It shows this country is BAY FAR the worst positioned economy in Europe and much worse than the USA. I knew we were still in recession as it see it all around me all day , every day. Make NO mistake this is the final nail in Labour's coffin and their woeful running of the economy.
D
Deleted User X18H
Guest
Tell us something we don't know!
Swine Flu increasing leading to mass absenteeism..........sit tight its gonna be tough!
Swine Flu increasing leading to mass absenteeism..........sit tight its gonna be tough!
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Six quarters of recession... longer than the recent recessions in the 80s and 90s, and also the steepest fall... 5.9% decline in GDP over 18 months.
Just as well that Gordon Brown put an end to Tory boom and bust, and that we were so well placed to resist recession this time round.
Just as well that Gordon Brown put an end to Tory boom and bust, and that we were so well placed to resist recession this time round.
Wait for more shit to happen!
Uncle Spielberg
Well-known member
Before the figures.
UK expected to exit its recession
Retail sales were flat in September, which will not help overall growth
Figures due later on Friday are expected to show that the UK economy grew slightly from July to September, meaning the recession is over.
The figure for Gross Domestic Product (GDP) from the Office for National Statistics (ONS) is likely to show the first economic growth since early 2008.
But analysts have said the result will be close and that the economy may even have continued to contract.
GDP measures the total amount of goods and services produced by a country.
The figure at 0930 BST is expected to show growth of between zero and 0.2%.
The UK economy has been contracting for at least the last five quarters, from the beginning of April 2008 until the end of June 2009
UK expected to exit its recession
Retail sales were flat in September, which will not help overall growth
Figures due later on Friday are expected to show that the UK economy grew slightly from July to September, meaning the recession is over.
The figure for Gross Domestic Product (GDP) from the Office for National Statistics (ONS) is likely to show the first economic growth since early 2008.
But analysts have said the result will be close and that the economy may even have continued to contract.
GDP measures the total amount of goods and services produced by a country.
The figure at 0930 BST is expected to show growth of between zero and 0.2%.
The UK economy has been contracting for at least the last five quarters, from the beginning of April 2008 until the end of June 2009
Uncle Spielberg
Well-known member
This is a szunami on an economic scale. Probably the worst result in history for the actual result compared with expectations.
The Large One
Who's Next?
Oh Kieran, you've set him off again.
Fridays are supposed to be MELLOW.
Fridays are supposed to be MELLOW.
- Thread starter
- #9
Stockmarket COLLAPSES as FTSE rises by 54 points...............oh
- Thread starter
- #10
No, that Lithuanan secretary I met 18 months ago provided that result.
- Thread starter
- #12
I think listening to US it should be called a Snoozeami
tedebear
Legal Alien
The boat will rock yet for a while...
D
Deleted User X18H
Guest
Quantitative Easing fails then, oh what a surprise.
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Beach Hut
Brighton Bhuna Boy
Oh well, stormy weather
tedebear
Legal Alien
The bloody government should have left things alone. Markets work because they are free, not manipulated by a government because they wish to be seen to be saving the population.
Leave it be, same applies to swine flu, stop ramming the vaccination down our throats because they've paid for more than it turns out they actually need.
Leave well enough alone. Problem is they are in up to the armpits and with debt like that they need Gordon Brown back as Chancellor and not as Captain Pugwash steering a leaky ship..
Leave it be, same applies to swine flu, stop ramming the vaccination down our throats because they've paid for more than it turns out they actually need.
Leave well enough alone. Problem is they are in up to the armpits and with debt like that they need Gordon Brown back as Chancellor and not as Captain Pugwash steering a leaky ship..
Uncle Spielberg
Well-known member
If your self employed you may empathise if your employed you cannot comment behind your cosy salalries, pension schemes, holiday pay and sick pay. The self employed have taken the brunt of the last 2 years.
Strange all the usual lefties have had a pop, then again ...........
Strange all the usual lefties have had a pop, then again ...........
Taybha
Whalewhine
Still on the bright side el abd is back 
Oh turn it in! You decided to become self employed did you not?
WHAT?? He got us in this mess of national and personal debt!
He is the reason why we are doing worse than France, Germany, Japan, USA, et al