Recession: Double Dose Of Doom For UK PLC

homelessskilledworker

http://uk.news.yahoo.com/recession-double-dose-doom-uk-plc-104501552--finance.html


There is fresh evidence that the UK economy will fail to overcome the recession in the short term.
The effects of the Euro crisis have been laid bare by the latest trade figures for April - while construction output fell sharply over the month.
Official figures showed the UK trade deficit widened to its greatest level in nearly seven years, as exports to the embattled eurozone plummeted.
The goods and services deficit - the gap between imports and exports - rose to
£4.4bn from £3bn in March, the Office for National Statistics (ONS) said.
The increase was driven by an 8.6% drop in exports, including a 6.8% fall in exports to the EU, the UK's biggest trade partner.

Elsewhere, official construction data showed a 13% fall in output in April driven by a fall in government projects, including housing and infrastructure.
The double dose of disappointing data dampened hopes that the economy may return to growth and emerge from recession in the second quarter.


Don't shoot the messenger, not a good day for the economy.

MrRee_2

We would ALL like to shoot YOU - oh bringer of ONLY bad news!!

You and Graham_Devon should get a room together ... ask at the Holiday Inn for their grimest room, in their worst hotel, in the hell hole of the world ...................... it would suit you both!

!!!!!! post positives and then you can REJOICE as I do!

homelessskilledworker

MrRee wrote: »

We would ALL like to shoot YOU - oh bringer of ONLY bad news!!

You and Graham_Devon should get a room together ... ask at the Holiday Inn for their grimest room, in their worst hotel, in the hell hole of the world ...................... it would suit you both!

!!!!!! post positives and then you can REJOICE as I do!

Because that is the market we are going into, a BEAR market, and given time we will once again go into a BULL market.
I am doing nothing but anticipating what is actually going to happen, where as you are living in fairytale land. This is not about right or wrong, spreading good news or bad news, I am just making my own individual point that times are going to be getting tough.

It is quite clear to me that you have put all your eggs in one basket. I stated at the end of last year that 2012 was going to get tough, and guess what!
We went staright into recession with all the evidence pointing towards it getting worse, and the Euro is being held together by the actions of desperate people who do not have a clue.

In the mean time, I am loving the Euro's, best international football I have seen since the 90's. Wimbledon starts in the next few weeks followed by the Olympics, then I end the summer scuba diving in the red sea, I think life is great mate.

abaxas

Recessions are caused by booms, but booms are not casued by recessions.

BobQ

homelessskilledworker wrote: »

http://uk.news.yahoo.com/recession-double-dose-doom-uk-plc-104501552--finance.html


There is fresh evidence that the UK economy will fail to overcome the recession in the short term......

The double dose of disappointing data dampened hopes that the economy may return to growth and emerge from recession in the second quarter.

.

LOL! Where was the evidence that it ever would overcome the recession in the short term? Who are these people who expected a return to growth. Only here today gone tomorrow politicians think these thoughts.

The Government is strangling the public sector (political choice that the majority parties are entitled to make) and increaing taxes on all. Its doing nothing to stimulate the private sector apart from printing money and trusting the inept banking sector to lend it. But business does not see the case for taking risk at a time when consumers have no interest in spending.

Short term growth is an illusion.