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0.6% growth in second quarter watch

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    http://www.bbc.co.uk/news/business-36903164

    We may have -0.4% to 0.3% growth next, but this proves that " recesson " is pure lie because on annual basis its 2.2% thanks to surge in Manufacturing.

    0.6% is also higher comparing to last year too of 0.4% and beaten expectation of 0.4%
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    do you know what a recession is?
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    Literally what point are brexiters trying to prove here, this occurred before the BREXIT result so...
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    Business is boooooooooming
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    (Original post by ckfeister)
    http://www.bbc.co.uk/news/business-36903164

    We may have -0.4% to 0.3% growth next, but this proves that " recesson " is pure lie because on annual basis its 2.2% thanks to surge in Manufacturing.

    0.6% is also higher comparing to last year too of 0.4% and beaten expectation of 0.4%
    If you understood what a recession was, then you wouldnt have made those comments. Its been pointed out to you on other threads.

    These figures are largely influenced by growth in April and contain only 1 weeks data post brexit. As said before stip trying to talk things up and say trade deals are done or everythings fine, when we simply dont have enough data yet. Wait and see.
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    (Original post by 999tigger)
    If you understood what a recession was, then you wouldnt have made those comments. Its been pointed out to you on other threads.

    These figures are largely influenced by growth in April and contain only 1 weeks data post brexit. As said before stip trying to talk things up and say trade deals are done or everythings fine, when we simply dont have enough data yet. Wait and see.
    I said this proves recession won't happen THIS year because we already have GROWTH
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    (Original post by Inexorably)
    Literally what point are brexiters trying to prove here, this occurred before the BREXIT result so...
    read above
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    (Original post by skeptical_john)
    do you know what a recession is?
    two quarters of minus output
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    (Original post by ckfeister)
    two quarters of minus output
    Right and we just had the 2nd quarter leaving two more this year. Plenty of time for a recession
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    (Original post by skeptical_john)
    Right and we just had the 2nd quarter leaving two more this year. Plenty of time for a recession
    We'll see
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    (Original post by ckfeister)
    I said this proves recession won't happen THIS year because we already have GROWTH
    You really need to read the definition of recession.
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    (Original post by 999tigger)
    You really need to read the definition of recession.
    a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters., read above I already said
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    (Original post by ckfeister)
    a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters., read above I already said
    try applying it. also read your OP as well. SMH. Its always such hard work with you.
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    (Original post by Inexorably)
    Literally what point are brexiters trying to prove here, this occurred before the BREXIT result so...
    When we were told growth was going to slow down because the referendum was coming, instead it was higher than the previous quarter and the same quarter last year, meanwhile France and Austria stagnated.

    And given brexit was supposed to send the economy into immediate reverse gear should that week at the end of June after the vote, and the week with leave leading in the polls, not have offset so much?

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    (Original post by 999tigger)
    You really need to read the definition of recession.
    Ummm, except with only two quarters to go recession is impossible this year...

    Posted from TSR Mobile
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    (Original post by Jammy Duel)
    Ummm, except with only two quarters to go recession is impossible this year...

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    How many quarters do you need for a recession?
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    Although I was Bremain, I'm very happy to see that our nation made the choice from a position of strength. As per usual, reality isn't as black and white as the Bremain or Brexit camps would have us believe. The economy won't do as well as Brexit predicted, but it looks like it may well avoid the pessimistic scenario predicted by the Bremainers.
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    (Original post by 999tigger)
    How many quarters do you need for a recession?
    Two to go into, so let us count...

    The first quarter takes us to 1st October, recession is impossible as it would only have been one quarter so we need to go on another quarter, and Q4 ends at the new year mark which means...we would enter into recession going into Q1 2017, or in layman's terms next year.

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    (Original post by navarre)
    Although I was Bremain, I'm very happy to see that our nation made the choice from a position of strength. As per usual, reality isn't as black and white as the Bremain or Brexit camps would have us believe. The economy won't do as well as Brexit predicted, but it looks like it may well avoid the pessimistic scenario predicted by the Bremainers.
    You dont know because you dont have sufficient data.
    I was unaware brexit had predicted anything other than some stuff abut trade deals?

    The predictions make more sense over 1-10 years.
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    (Original post by Jammy Duel)
    Two to go into, so let us count...

    The first quarter takes us to 1st October, recession is impossible as it would only have been one quarter so we need to go on another quarter, and Q4 ends at the new year mark which means...we would enter into recession going into Q1 2017, or in layman's terms next year.

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    we will still have been in recession, even if there is data lag.
 
 
 
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