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Brtitain first out of recession?

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
edited 19 April 2009 at 9:13AM in Debate House Prices & the Economy
“If you are looking at 2010 we are going to be first out,” said Peter Spencer, Item’s chief economic adviser. “The signs are positive that the monetary policy committee’s aggressive tactics are working. The credit crunch may finally be easing and with it will come the beginning of the end of the recession.”

http://business.timesonline.co.uk/tol/business/economics/budget/article6122459.ece
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
«1345678

Comments

  • ad44downey
    ad44downey Posts: 2,246 Forumite
    I thought the recession was due to end this summer, Q2 2009? So much for such predictions then
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    Would be pretty amazing if so imo. You are pretty bullish about UK, whats your take on this?

    I'm much more bullish about the US (tho not just yet admittedly) than the UK.
    Prefer girls to money
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    “If you are looking at 2010 we are going to be first out,” said Peter Spencer, Item’s chief economic adviser. “The signs are positive that the monetary policy committee’s aggressive tactics are working. The credit crunch may finally be easing and with it will come the beginning of the end of the recession.”

    http://business.timesonline.co.uk/tol/business/economics/budget/article6122459.ece

    And when higher IR's kick in due to rising inflation (not least due to the inevitable rise in the oil price), and Labour's tax bill to pay, we are likely to be the first country go straight back into it.
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    ad9898 wrote: »
    And when higher IR's kick in due to rising inflation (not least due to the inevitable rise in the oil price), and Labour's tax bill to pay, we are likely to be the first country go straight back into it.

    tbf think this will be case in most other western countries as well. think those that are the most diversified and have the most natural resources are the ones best placed. still think the US fits the bill for this more than most

    haven't really read anything convincing to suggest UK is in better shape than US imo
    Prefer girls to money
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The real question is who will be first out of the coming depression
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    LisbonLaura wrote: »
    The real question is who will be first out of the coming depression

    Don't mention that word, there is 'green shoots' didn't you know, starting with the reduction in unemployment this week, when the figures are released.:rolleyes:
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    UK first out of recession? Australia and China aren't even in recession!
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Generali wrote: »
    UK first out of recession? Australia and China aren't even in recession!

    It's hilarious hey, utter bollox from so called 'economists'.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    the_ash_and_the_oak wrote: »
    Would be pretty amazing if so imo. You are pretty bullish about UK, whats your take on this?

    I'm much more bullish about the US (tho not just yet admittedly) than the UK.

    During a recession there is a run down of stock and inventory. At a point the requirement to manufacture picks up again. I.e. car sales dropped but cars are still being bought. The economy will reach a point where it stops contracting and output increases again. However this doesn't mean that companies etc won't continue to reduce costs and lay off staff.
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    Apparently we are in deepest, so barring a miracle how can we be first out ?? :confused:
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
This discussion has been closed.
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