'Is the economy in an L, a W or a V?' poll results/discussion

stucoates

Judging by the amount of shops shutting in my town I'd say it was rather F shaped... and brown! ;-)

katieowl_2

I was hoping PEAR SHAPED might be an option????

sashman

1. the reason businesses are reporting small profits is due to the cut backs they made previously

2. any growth in sales is because VAT is due to go up(to what I hear you ask) in Jan 1st, so anyone with half a brain is getting big ticket items done NOW

3 Post the VAT increases, there will be a lull in purchases (who wants to pay more VAT) this lull will stifle any growth again, as new tax rates hit hard......whoever comes to power!

As I said on the radio recently, it's stopped getting worse, but next year will be tough, especially in the first quarter of 2010.

sashman

rogger_2

Economics, as an academic discipline, is just a small but significant branch of history, a series of events which must only ever be viewed in the context of the times in which they happen. As such, economic theory cannot be applied reliably to today's conditions, and so all prognoses are equally worthless.