How is the U.K out of recession by growing 0.1%? Watch

lorietta
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#21
Report 8 years ago
#21
Well, someone should have looked up the definition of recession. I think it's going to be a bit of a dead cat bounce though (as in it will receed again before there is a proper period of growth, kind of like a W shape). That's not here or there though. Just because we are out of recession doesn't really mean we have a healthy economy.
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kevin_123
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#22
Report 8 years ago
#22
(Original post by Conor C)
In other words, we're not out of recession, we are just 0.1& less in it than we were the other week.
Like everyone else has said, it's growing not shrinking.. geez I've never studied economics or anything like that, it's common sense..
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Krakatoa
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#23
Report 8 years ago
#23
(Original post by kevin_123)
Like everyone else has said, it's growing not shrinking.. geez I've never studied economics or anything like that, it's common sense..
Not necessarily. Germany followed a quarter of growth with two successive quarters of contraction,so the figure doesn't ultimately suggest we are now out of recession.There is every chance the next quarter could be 0%.
If/When the Tories get into power,the life support system our economy has been operating on for the last year could be wiped from underneath us in the face of punitive cuts,and we could be just as easily plunged back into recession.
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.ACS.
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#24
Report 8 years ago
#24
(Original post by Krakatoa)
Not necessarily. Germany followed a quarter of growth with two successive quarters of contraction,so the figure doesn't ultimately suggest we are now out of recession.There is every chance the next quarter could be 0%.
If/When the Tories get into power,the life support system our economy has been operating on for the last year could be wiped from underneath us in the face of punitive cuts,and we could be just as easily plunged back into recession.
Whichever party comes into power will have to make cuts. Our economy is in a bad shape and cannot be sustained as it currently is. The sad truth is that whoever is in power, whether Labour or Tories, will have to raise taxes and cut spending.
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.ACS.
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#25
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#25
(Original post by lorietta)
Well, someone should have looked up the definition of recession. I think it's going to be a bit of a dead cat bounce though (as in it will receed again before there is a proper period of growth, kind of like a W shape). That's not here or there though. Just because we are out of recession doesn't really mean we have a healthy economy.
There are predictions, actually, it could be an L shaped recession.
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kevin_123
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#26
Report 8 years ago
#26
(Original post by Krakatoa)
Not necessarily. Germany followed a quarter of growth with two successive quarters of contraction,so the figure doesn't ultimately suggest we are now out of recession.There is every chance the next quarter could be 0%.
If/When the Tories get into power,the life support system our economy has been operating on for the last year could be wiped from underneath us in the face of punitive cuts,and we could be just as easily plunged back into recession.
Well, whether we are plunged back into recession or not doesn't matter, fact is that NOW, we are out of recession, but yeah it's likely we will go back..
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