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u.k Entering a "Depression"

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Comments

  • bo_drinker wrote: »
    What is the definition of a depression. Whether he meant it or not it's certainly on their agenda behind closed doors as already pointed out.

    There are 2 definitions of a depression
    1. a 10% fall in GDP -
    2. a long and very deep recession

    - I tend to go with the 10% fall in GDP.
  • abaxas
    abaxas Posts: 4,141 Forumite
    There are 2 definitions of a depression
    1. a 10% fall in GDP -
    2. a long and very deep recession

    - I tend to go with the 10% fall in GDP.

    is that weekly or monthly?
  • Lorian
    Lorian Posts: 6,662 Forumite
    Twentieth Anniversary 1,000 Posts Name Dropper Photogenic
    993 and falling here :D
  • abaxas wrote: »
    is that weekly or monthly?

    10% fall in GDP in 12 months

    GDP fell by 0.6% in the 3rd quarter of 2008

    and 1.5% in the 4th quarter of 2008

    So 2.1% upto now
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