The UK economy is in recession - official
- Thread starter LessoftheLip
- Start date
Fat_Dragon
Well-known member
Think Germany have been in recession twice in the last 18 monthsSo........we're beating Europe by being first into recession?
Gerrrin
h_m_boro
Well-known member
mercury_redstone7
Well-known member
They've been fudging the figures for a long while.
Tbh I'm beginning to give up on this so called democracy we supposedly have, it seems the far left are as infiltrated with far right agitators I suppose that they ensure the Monarchist state far right rulers continuance. The way the BBC have and social media Novara Media behave shows it plainly.
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MolteniArcore
Well-known member
We’ve never had it so good according to Sunak!
Tryasize10
Well-known member
The same logs that have more than doubled in price in the last 18/24 months?So what will that mean for the rest of the day?
Will the rain stop so I can take the dog out without getting soaked?
Will my bathroom fitter turn up as planned
Will home bargains have any logs in this afternoon
I'm alright Jack is the attitude they want. Well done
Pak_Doo_Ik
Well-known member
As I predicted when the interest rates started going up, this will stop spending and new investments thus leading to the country heading in to a recession, and guess what the first solution will be?
(For those of us without a degree in economics the answer will be cut interest rates in a hope to get the economy going again).
Can’t help but think this could have been avoided had the so called experts accepted that inflation was high due to never seen before increases in energy costs and a war in Europe and not because the British public were well off and were splurtting their money willy nilly on luxurious items and would have come down naturally to level whereby interest rates could have been managed much better.
But as I have said and pointed out to me, I am no expert so what did I know?
(For those of us without a degree in economics the answer will be cut interest rates in a hope to get the economy going again).
Can’t help but think this could have been avoided had the so called experts accepted that inflation was high due to never seen before increases in energy costs and a war in Europe and not because the British public were well off and were splurtting their money willy nilly on luxurious items and would have come down naturally to level whereby interest rates could have been managed much better.
But as I have said and pointed out to me, I am no expert so what did I know?
Nobby_Barnes
Well-known member
...it depends on your definition of recession 
sherlock
Well-known member
So what will that mean for the rest of the day?
Will the rain stop so I can take the dog out without getting soaked?
Will my bathroom fitter turn up as planned
Will home bargains have any logs in this afternoon
Selfish view imo.
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sherlock
Well-known member
...it depends on your definition of recession
It really doesn’t.
Nobby_Barnes
Well-known member
Err yes it does, we are in a technical recession not an actual recession....
Maybe read a book on economics
Thanks
sherlock
Well-known member
Err yes it does, we are in a technical recession not an actual recession....
Maybe read a book on economics
Thanks
Go on then genius, explain it….
Nobby_Barnes
Well-known member
When a recessionary phase sustains for a considerable length of time, it is known as a recession. A technical recession is when a country faces a back-to-back decline (for two consecutive quarters) in the GDP
GDP actually increased across the whole of 2023
Thanks
sherlock
Well-known member
When a recessionary phase sustains for a considerable length of time, it is known as a recession. A technical recession is when a country faces a back-to-back decline (for two consecutive quarters) in the GDP
GDP actually increased across the whole of 2023
Thanks
So it’s a term coined to make things sound not as bad in election year….
Gotcha.
Rofesleg
Well-known member
Sunak has fan-boys?
Nobby_Barnes
Well-known member
I suggest you stick to commenting on stuff you actually know about.....cats or something similar ?
Thanks
Nobby_Barnes
Well-known member
Like I said , depends on your definition. Mine is is different to this 'Torston' bloke you are quoting. Surprise surprise he's involved with the Labour party....
Thanks
Thanks