The economy will pick up from May onwards

shortchanged_2

julieq wrote: »

Oddly enough I rather agree with Graham on this, but it's based on looking at global trend data (day job data), not local trends. I'm seeing a trend of a fallback since the turn of the year despite relatively strong growth in the months preceding that. The US appears to be the prime culprit. That might be oil price related, but it's really very hard to see any strong correlation with anything you can point your finger at.

I don't see a deep dip though. There's nothing to suggest anything's falling off a cliff.

In the UK things won't be as bad as we think they're going to be in terms of unemployment (unless you're young), and confidence is gradually coming back. There's probably enough flakiness in the economy to keep rates lowish for some years.

I don't really see how you can say that julieq, consumer confidence is very low.

Oil prices are the problem at the moment and are the major obstacle to any growth if they continue to rise.

globalds

The construction sector seems to be picking up again.

The company I work for was expecting things to drop off with a lot of the Olympic work completing...This is not the case ..Lots of new work coming through.

Once piece of anecdotal evidence is the amount of traffic on the motorways carrying construction materials ..Bricks , Kingspan panels ,etc.
I reckon there is more of it about, the motorways I use all head to London so this may be just SE is getting busy.

Asheron

B_Blank wrote: »

In my opinion the economy will pick up from May.

The biggest drag on the economy at the moment is consumer confidence. This will lift once people realise things arent as bad as all the media have been suggesting.

I predict it will take till may before people realise that this "austerity" isnt as bad at they thought, and confidence will return from then onwards.

What a load of rubbish

The Economy is not going to pick up.

It's going to get worse, much worse.

Unemployment, Food, Energy, Commodities will continue to rise.

House prices, Wages, The £££ will continue to go down.

downshifter98

What a load of rubbish

The Economy is not going to pick up.

It's going to get worse, much worse.

Unemployment, Food, Energy, Commodities will continue to rise.

House prices, Wages, The £££ will continue to go down.

Positive mental attitude - that will make all the difference. Seriously though, maybe we will have more declines but what is the point of being so short term? Things may bounce around for a while but most of us will adapt and evolve; it's what humans do - and eventually things will improve.

chucky

B_Blank wrote: »

In my opinion the economy will pick up from May.

the ride on this baby ain't finished yet.

not sure about a double dip but there's a few more jolts and issues that are going to come out before things are on the up again.

lemonjelly

chucky wrote: »

the ride on this baby ain't finished yet.

not sure about a double dip but there's a few more jolts and issues that are going to come out before things are on the up again.

Agree with this fella - good to see you by the way!:T

I think we'll see a bit of a diversification. Some will find it relatively easy to ride out. Others will continue their own personal/household austerity. Others still will be hit hard.

Be interestng to see any shifts around may, with a lot getting pay freezes, plus an increase in NI conts.

Households incomes are going to continue being squeezed for a while yet.

Decent weather this summer could be good for the tourist industry, together with things like the royal wedding, olympic build up etc...

geneer

Graham_Devon wrote: »

Been stating that there will be a double dip for probably 12 months, maybe more, now.

Textbook bubble behaviour.

julieq

Which textbook is that geneer?

wherediditallgothen

Asheron wrote: »

What a load of rubbish

The Economy is not going to pick up.

It's going to get worse, much worse.

Unemployment, Food, Energy, Commodities will continue to rise.

House prices, Wages, The £££ will continue to go down.

You missed out the buy gold bit. Or is it silver with you?

Butterfly_Brain

Bulls**t.
Everyone I know is tightening their belts - ergo not spending so I forsee stagflation on the horizon