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Brtitain first out of recession?

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Comments

  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Perhaps the government could introduce scrappage for housing?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    UK first out of recession? Australia and China aren't even in recession!

    Isn't Australia on the brink of recession though?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bo_drinker wrote: »
    Apparently we are in deepest, so barring a miracle how can we be first out ?? :confused:

    Apparently you are not supposed to believe all you read on here icon12.gif
    '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
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Isn't Australia on the brink of recession though?

    It is, I was being disingenuous. China's still growing at over 6% a year though!

    That'd be a pretty cool recession in the UK!
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    UK first out of recession? Australia and China aren't even in recession!

    Maybe not yet ;)

    Anne Barrowclough in Sydney

    The Australian economy has slipped into negative growth for the first time in eight years, raising fears that the country is on the brink of recession.



    http://business.timesonline.co.uk/tol/business/economics/article5842959.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
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Maybe not yet ;)

    Anne Barrowclough in Sydney

    The Australian economy has slipped into negative growth for the first time in eight years, raising fears that the country is on the brink of recession.



    http://business.timesonline.co.uk/tol/business/economics/article5842959.ece

    I refer the Right Honerable Poster to my post preceeding his:
  • FungusFighter
    FungusFighter Posts: 1,163 Forumite
    So let me get this right - we don't make anything, we're not buying anything, we're not going out or going on holiday and we're all under threat of losing our jobs but the govt thinks by tinkering around with the money we'll magically come out of recession?:confused:

    Muhahahahahaha:rotfl:
    You can't win an argument with a stupid person.

    I'm dyslexic ie I can't be @rsed to check for typos
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    It is, I was being disingenuous. China's still growing at over 6% a year though!

    That'd be a pretty cool recession in the UK!

    I should imagine a 6% gdp feels like a cold winter after the double digit rises previously.
    '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
  • tommy75
    tommy75 Posts: 583 Forumite
    Keep an eye on the comments page at the bottom StevieJ.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    I should imagine a 6% gdp feels like a cold winter after the double digit rises previously.

    TBH, I'd take Chinese GDP numbers with a pinch of salt. Imagine the conversation:

    Comrade economist: If you don't report growth figures for your region above 9% (as per the last 5 year plan) we'll sack you and imprison you. What are your growth figures.
    Deputy Vice Comrade statistician: Ooooh, what a coincidence. 9.1%!

    I jest of course but what you say is true. Apparently things are tough for this year's 9,000,000 graduates and there are genuine fears of trouble if things don't improve before the next lot come onto the jobs market.
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