Possibility of triple-dip recession looming
Got a breaking news topic or want to post the most recent issues for sensible, on-topic discussion? This is the forum for you.
| Announcements | Posted on | |
|---|---|---|
| TSR launches Learn Together! - Our new subscription to help improve your learning | 16-05-2013 | |
-
- Reputation:
- Thread Starter
- Peer Of The TSR Realm
- Location: Ankh Morpork
- Posts: 1,580
Possibility of triple-dip recession loominghttp://www.investmentweek.co.uk/inve...edip-recession
Nice work Georgie
-
- Reputation:
- Section Moderator
- TSR Royalty
- Location: Surrey
Re: Possibility of triple-dip recession looming"They fear the eurozone crisis and a Greek exit early next year could push the country back into recession next spring, the Sunday Times reports."(Original post by Skip_Snip)
http://www.investmentweek.co.uk/inve...edip-recession
Nice work Georgie
Yes damn you George. Causing the Eurozone Crisis and forcing a Greek exit.Last edited by Aj12; 30-07-2012 at 15:22. -
- Reputation:
- Overlord in Training
- Location: Zürich
Re: Possibility of triple-dip recession loomingWeird everyone in Britain blames the problems of the economy due to the Eurozone but Germany being in the Eurozone itself has one of the strongest economies in the world.
Anyway Olympics or not, the fundamental issue in Britain is low demand because everyone is spooked to hell with the idea of being in debt..... not an abnormal phenomena as it happened in South Korea as well after their late 90s era crisis. -
- Reputation:
- Section Moderator
- TSR Royalty
- Location: Surrey
Re: Possibility of triple-dip recession loomingGermany is hardly hurtling ahead in terms of GDP growth. 0.5% at the start of this year, better than us but hardly much to be proud of.(Original post by Herr)
Weird everyone in Britain blames the problems of the economy due to the Eurozone but Germany being in the Eurozone itself has one of the strongest economies in the world.
Anyway Olympics or not, the fundamental issue in Britain is low demand because everyone is spooked to hell with the idea of being in debt..... not an abnormal phenomena as it happened in South Korea as well after their late 90s era crisis. -
- Reputation:
- TSR Legend
- Location: West Yorkshire
- Posts: 11,734
Re: Possibility of triple-dip recession loomingThat's because even before Eurozone entry Germany had gone to great pain to get their economic fundamentals right at the expense of living standards which were roughly stagnant for a decade (though they were kind of forced to by re-unification) and since then they have gone to great pain to keep those fundamentals in place. Contrast this to the UK which even before 2007 had inflation outpacing growth, a trade deficit and of course the fiscal deficit (i don't care to what extent, the fact is these factors were present).(Original post by Herr)
Weird everyone in Britain blames the problems of the economy due to the Eurozone but Germany being in the Eurozone itself has one of the strongest economies in the world.
Anyway Olympics or not, the fundamental issue in Britain is low demand because everyone is spooked to hell with the idea of being in debt..... not an abnormal phenomena as it happened in South Korea as well after their late 90s era crisis. -
- Reputation:
- Banned
- Posts: 188
- Warning points: 1000
Re: Possibility of triple-dip recession loomingYay!(Original post by Classical Liberal)
We are in a depression now. -
- Reputation:
- TSR Legend
- Location: West Yorkshire
- Posts: 11,734
Re: Possibility of triple-dip recession loomingI thought that to get a depression you had to see deflation as well (hence the difference between a technical recession and depression), with that said the fact that we have seen over £800bn in stimulus and £375bn in QE means that we really should be.(Original post by Classical Liberal)
We are in a depression now. -
- Reputation:
- TSR Idol
- Location: This sceptred isle
- Posts: 9,642
Re: Possibility of triple-dip recession loomingActually a triple dip recession would be quite attractive at this point because that implies we will return to growth at some point before this supposed Greek exit.
It might end up just being a long double dip recession.
Either way the economy is not growing any time soon, not with the current economic strategy. Osborne will look like an even bigger plank 2 years down the line (if he's still Chancellor) trying to convince everybody that the "credibility of his strategy" has "reassured the markets" LOL.
