Question Of The Week: What does end of recession mean?

Former_MSE_Penelope

Q. It’s all over the news that we’re out of recession – what does this actually mean in practice?

Martin’s A: All it means is the economy’s stopped shrinking, not that things are back to how they were. After all what ‘stopped’ the technical recession is an announcement that the UK grew a paltry 0.1%.

As a simple analogy, imagine the UK as a car on the motorway. We were accelerating 60...65...70 and then the recession screeched the brakes on, slowing us down to 60mph. The recession’s end means the brakes aren’t on, but we’re still travelling at 60 (well 60.1).

So for your personal finances, stay relatively defensive, there’s little in the recession proof your finances guide that doesn’t still apply.

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dave4545454

it means there's an election coming up and labour need to fiddle more figures to get votes

dave4545454

and this thread is in the wrong forum

unless it's about gordon's forthcoming redundancy

1984ReturnsForReal_2

Pending early election.

ceridwen

1984ReturnsForReal wrote: »

Pending early election.

Well...either that....or they are going in for the "politics of delusion".

"over"....oh yeah.....

"recession" - is that all they think it is/was?:cool: Then - gawd help them with the financial shocks we are in for over the next few years then...

We're in for a very bumpy ride for the next few years - and they tell us "its a recession - and its now over".....huh....huh....huh......<you gotta be kidding smilie> <what Planet do they live on?> smilie....

jimmyay

The economy is 6% smaller than it was 18 months ago...so it is like we are in car that's been in reverse for nearly 2 years and has just stopped reversing and now has to go forward more than 6% to get back where it was.

the last 5 years of economic growth have been totally wiped out.

the stock market is 1000 points lower than it was 10 years ago. our pensions are in the toilet.

the pound is 30% weaker.

our society is full of scumbags and criminals, !!!!!!!!!!s and thieves.

and it looks like i will be next on the unemployment scrapheap, recession end or not.

thanks Gordon. :mad:

withabix

The recession isn't over, as the figures have been skewed severely by the reversal of fortunes in the banking industry.

It's all Labour lies and spin.

The rest of the economy is still in recession.

ManAtHome

Also been skewed just a bit by the extra 12% of GDP the govt have borrowed and spent this year. Unfortunately we don't know if that was spread evenly over the year, so no idea how the non-assissted economy is performing.