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Officially in recession
Graham_Devon
Posts: 58,560 Forumite
Fallen 0.2%.
We are now officially in a double dip recession.
Worse than expected. Noted as a "surprise".
We are now officially in a double dip recession.
Worse than expected. Noted as a "surprise".
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Comments
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Graham_Devon wrote: »Fallen 0.2%.
We are now officially in a double dip recession.
Worse than expected. Noted as a "surprise".
After all these years calling a double dip it's happened.
Congratulations mate - more evidence of your predictive powers.0 -
Does the sky fall in now?0
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Heard on the radio it was +0.1%?!?!?
Weres your info from?!
Not questioning you or anything just wanna have a look through.0 -
Heard on the radio it was +0.1%?!?!?
Weres your info from?!
Not questioning you or anything just wanna have a look through.
That's what the economists were suggesting, on average as it were.
Got the figures from BBC Five Live. Haven't done any more research. Economist on standby is now making his excuses for getting it so wrong!
Good news for some though, is this could lead to more QE. Maybe even a fall in interest rates.0 -
Heard on the radio it was +0.1%?!?!?
Weres your info from?!
Not questioning you or anything just wanna have a look through.
http://www.ons.gov.uk/ons/dcp171778_263578.pdf0 -
clueless ConDemsMaidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
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Must be bad for house price sentiment.
Will this be the beginning of the London crash?0 -
LOL....commentator on fivelive just tried to blame the weather
He was very annoyed, and we should ignore these priliminary figures as they "sound wrong". We should wait until the revision, he says.0 -
Graham_Devon wrote: »That's what the economists were suggesting, on average as it were.
Got the figures from BBC Five Live. Haven't done any more research. Economist on standby is now making his excuses for getting it so wrong!
Good news for some though, is this could lead to more QE. Maybe even a fall in interest rates.
Cheers!
Thank you. 3.0% down in construction. Looks like that is a big reason for the downturn.Graham_Devon wrote: »LOL....commentator on fivelive just tried to blame the weather
He was very annoyed, and we should ignore these priliminary figures as they "sound wrong". We should wait until the revision, he says.
Didnt the governmetn blame it on the weather last year aswell?!?0
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