Are we really heading for a double-dip recession?

ukonlineshopping

I just have that feeling that the UK will dip back into recession again this year.

Just see many people who just like in 2008 just seem to be waiting for the recession to happen. Me included!

I think once these cuts are implemented in April for jobs and benefit cuts etc this will have a big impact on many thousands who are currently struggling.

The price of petrol, food increasing and not a lot of growth as far as I can see. I work in retail and 2011 has been very tough so far.

The stock market appears to have come back too fast to me peaking at over 6,100 point this year almost at the same levels at the peak of 2007 and the economy now seems to be far away from that level then. Plus the bailouts and near bankrupt states of Spain, Portugal and Belgium seems to have been worryingly swept under the carpet at the start of the year. These European bailouts WILL rear their ugly heads at some point and that could be the tipping point in my view.

Thoughts??

Herbie_Hancock_I_wish

I have friends in both sides of the boarder in Ireland. I won`t say just how much they have crashed, you look it up yourself. It is hardly surprising.

Angela_D_3

So far this year I have had three job offers and my husbands phone is ringing off the hook, we were both made redundant in 209/10, spent a year looking and gave up and set up our own business. There was a recent survey from Robert Half that only 1% of the CEO's believe there will be a double dip and that's my experience. £50,000 plus jobs are on the increase again.

That will filter down just as it took a year or so to filter down when the SHTF in 2007/08

mbga9pgf

Out of interest, what do you do as a business?

kabayiri

I suspect it will be a very regional recovery.

The more affluent South East is well placed to pick up any global upturn in the finance sector. This will feed through to other sectors.

It's going to be tougher in the regions. In some places, half of the workforce are in the public sector. If there is a big move to outsourcing there will be a big squeeze on incomes in these areas. It could be an extended period of adjustment, but then these regions could well come out stronger. I suspect the richer areas will have to bankroll the change though.

tod123

I just have that feeling that the UK will dip back into recession again this year.

My view is it will be a regional issue for the foreseeable future , when you look at Cities Outlook 2011: Annual index, you can see how some places are set to do very well, but others (often in the North) look like becoming wastelands


http://www.centreforcities.org/cities-outlook-2011-annual-index-reveals-uk-cities-best-placed-to-create-jobs-and-drive-economic-recovery.html

Red_Doe

Hard to believe the last recession ever ended (I`m in the north of Scotland btw) in this area. Rising costs of everything, lower retail profits locally, really, some places never recovered from the last recession.

mustrum_ridcully

Angela_D wrote: »

So far this year I have had three job offers and my husbands phone is ringing off the hook, we were both made redundant in 209/10, spent a year looking and gave up and set up our own business. There was a recent survey from Robert Half that only 1% of the CEO's believe there will be a double dip and that's my experience. £50,000 plus jobs are on the increase again.

That will filter down just as it took a year or so to filter down when the SHTF in 2007/08

How many of these CEO's predicted there'd be a recession?

How many of these CEO's predicted the dip we've just seen in growth?

Just asking...

JonnyBravo

Herbie_Hancock_I_wish wrote: »

I have friends in both sides of the boarder in Ireland. I won`t say just how much

Ewwww.
Is this some private boys school type game?

DervProf

RenovationMan wrote: »

We should raise interest rates, that'll help sort out the economy and prevent a recession!

It just might.

Inflation might reduce to some degree.

People might get a better return on their savings, and therefore start spending again.

House prices might start to fall (due to people realising that cheap credit is no longer available). Those that have been trying to save a deposit will find that their deopsit is a higher % of the purchase price, therefore they may buy sooner than they anticipated, thus getting much needed activity into the property market. Yes, some people might delay purchasing in a falling market, but many will just want a roof over their heads. Cheaper house prices would also mean that those who want to move up "the ladder" will find it easier.

roj47

I have taken a chance with my mortage and settled for a discounted tracker offering 2.19% interst for the first 12 months rising to 2.69% for the remaining 24 months thereafter.

I factored in the costs of taking a fixed mortgage for 3 years at 5.25%, and budgeted on BoE interest rates to be:

0.5% Oct 2010 - June 2011
1.0% June 2011 - November 2011
1.25% November 2011 - May 2012
1.75% May 2012 onwards

I will be intested to see how someone (i.e. me) with minimal knowledge of how it works gets the guess right.

It is like Poker. You reckon your hand is the best, but something happens that makes you question if what you did in the earlier rounds was the correct thing to have done!