Brtitain first out of recession?

StevieJ

Graham_Devon wrote: »

Clap clap

The economy will bounce back quickly from recession and start growing again in the second half of 2009, according to Chancellor Alastair Darling.


http://www.telegraph.co.uk/finance/financetopics/budget/3513638/Pre-Budget-report-Economy-will-recover-from-recession-by-mid-2009.html

Enjoy.

Are you operating of some ancient Greek calendar or something, When was Spring in the second half of the year :rotfl:

Graham_Devon

StevieJ wrote: »

Are you operating of some ancient Greek calender or something, When was Spring in the second half of the year :rotfl:

No, that was his revised predictions. You would see that if you read the article.

It was just the easiest to get, and I aint gonna spend my night trawling for articles so you can use all the smilies on MSe with some other nob jockey remark.

StevieJ

Graham_Devon wrote: »

No, that was his revised predictions. You would see that if you read the article.

It was just the easiest to get, and I aint gonna spend my night trawling for articles so you can use all the smilies on MSe with some other nob jockey remark.

They are always revising them! but at no time have they predicted the recession would be over in the Spring :rolleyes: Not gracious in accepting you are wrong are you

Graham_Devon

StevieJ wrote: »

They are always revising them! but at no time have they predicted the recession would be over in the Spring :rolleyes: Not gracious in accepting you are wrong are you

Good lord.

Indeed, with further interest rate cuts expected and with an anticipated revival of the credit markets, the situation should start to improve by spring 2009, he predicted.

"In six months time, we expect business conditions to have stabilised somewhat," he said.

That, was from the CBI, which Alistair Darling used to make a speech. I realise you are going to state that doesnt say exactly what I said, probably with a smiley resembling a box of tissues and a grin the size of an a*se crack on celebrity fat fighters, however, so heres a bit more, as I can't find the specific speech, and I do profusely apologise for that.

Mr Darling said he was sticking by his forecast made in last month's Budget that the UK economy would grow by between 1.75% and 2.25% in 2008 and by 2.25% to 2.75% in 2009, substantially above IMF projections.

Rochdale_Pioneers

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.

So the same factors hitting everyone else as well. You have to compare apples and apples - our bill to pay off vs everyone else's. So far we've spent less than many of the others (US, Japan, Germany), have lower levels of unemployment and lower debt overall. So the idea that we could recover quicker isn't preposterous at all.

Its funny how the armchair Brown-haters/economists love to quote the professional economists when they say things they like, but are quick to rubbish them when they say things they don't.

StevieJ

Graham_Devon wrote: »

Good lord.

Indeed, with further interest rate cuts expected and with an anticipated revival of the credit markets, the situation should start to improve by spring 2009, he predicted.

"In six months time, we expect business conditions to have stabilised somewhat," he said.

That, was from the CBI, which Alistair Darling used to make a speech. I realise you are going to state that doesnt say exactly what I said, probably with a smiley resembling a box of tissues and a grin the size of an a*se crack on celebrity fat fighters, however, so heres a bit more, as I can't find the specific speech, and I do profusely apologise for that.

Mr Darling said he was sticking by his forecast made in last month's Budget that the UK economy would grow by between 1.75% and 2.25% in 2008 and by 2.25% to 2.75% in 2009, substantially above IMF projections.

Mr Darling said he was sticking by his forecast made in last month's Budget that the UK economy would grow by between 1.75% and 2.25% in 2008 and by 2.25% to 2.75% in 2009, substantially above IMF projections.

How old is that prediction? It is certainly not when they were predicting a recession and when it would end (yes at least you were correct about the smiley).

Graham_Devon

StevieJ wrote: »

How old is that prediction? It is certainly not when they were predicting a recession and when it would end (yes at least you were correct about the smiley).

You sure? :money:

Really sure? :eek:

I mean, like, really really sure? :dance:

You should have copied and pasted the entire sentence into google first.

It's from April 2008. The 9th day, to be exact. At around 2pm GMT.

I think I covered all bases?

StevieJ

Graham_Devon wrote: »

You sure? :money:

Really sure? :eek:

I mean, like, really really sure? :dance:

You should have copied and pasted the entire sentence into google first.

It's from April 2008. The 9th day, to be exact. At around 2pm GMT.

I think I covered all bases?

So they were quoting growth of 1.75% - 2.75% in 2008 and growth of 2.25%-2.75% in 2009 with a recession in the middle that would end in the spring of 2009 Some going.

Graham_Devon

StevieJ wrote: »

So they were quoting growth of 1.75% - 2.75% in 2008 and growth of 2.25%-2.75% in 2009 with a recession in the middle that would end in the spring of 2009 Some going.

Have we got there? Yay.

You can buy me a drink, you've exhausted me

StevieJ

Graham_Devon wrote: »

Have we got there? Yay.

You can buy me a drink, you've exhausted me

Got there, what you talking about :rolleyes: You have produced nothing whatsoever to back up what you said