The Wrong Type of Hard up Family Cause Retails Sales to Increase?

Loughton_Monkey

Well someone has been spending in September. GDP is set for 0.5% Q3 growth. Far from recession.

LONDON (Dow Jones) The U.K.'s economic growth over the past 12 months has been anaemic and the recovery from recession is the weakest of any since the First World War, the National Institute of Economic and Social Research said Tuesday.

The independent economic research institute, which is one of the oldest in the U.K., said it estimates the U.K. economy grew by 0.5% in the third quarter.

Trouble is, that when we choose to measure and define the emotive word "recession" as directly linked to spending [which is laregely what GDP is] then you get what you get.

More robust thinkers would probably say that when the problem is 'overspending' - by both government and individuals, then the curbing of spending by both is part of the recipe for recovery.

robmatic

Loughton_Monkey wrote: »

Well someone has been spending in September. GDP is set for 0.5% Q3 growth. Far from recession.



Trouble is, that when we choose to measure and define the emotive word "recession" as directly linked to spending [which is laregely what GDP is] then you get what you get.

More robust thinkers would probably say that when the problem is 'overspending' - by both government and individuals, then the curbing of spending by both is part of the recipe for recovery.

If we're going through a necessary period of deleveraging then slow growth is part of the process.