Triple Dip InEscapable - UK Back In Recession?

DecentLivingWage

Its actually quite shocking what the IMF are saying... and very very frightening for UK compared to America - all the more so becasue it takes at least 4 years to turn the economy around - and now Osbornes committed the Cons to a tanking plan... it really IS too late! A truly shocking admission from them What were they thinking !!!Read and See :

'Sharp spending cuts and tax increases have long played a central role in the International Monetary Fund's prescriptions for governments in financial distress -- most recently for the struggling members of the euro area. Now, officials at the world's primary arbiter of fiscal prudence are recognizing that such austerity can do a lot more damage than previously thought.
The first major indication of the IMF's change of heart came in October. In its World Economic Outlook, the fund published research showing that back in 2010, when Greece and other European countries embarked on severe austerity programs, its forecasters underestimated the negative impact spending cuts and tax increases would have on the broader economy.

BertieUK

DecentLivingWage wrote: »

Its actually quite shocking what the IMF are saying... and very very frightening for UK compared to America - all the more so becasue it takes at least 4 years to turn the economy around - and now Osbornes committed the Cons to a tanking plan... it really IS too late! A truly shocking admission from them What were they thinking !!!Read and See :

'Sharp spending cuts and tax increases have long played a central role in the International Monetary Fund's prescriptions for governments in financial distress -- most recently for the struggling members of the euro area. Now, officials at the world's primary arbiter of fiscal prudence are recognizing that such austerity can do a lot more damage than previously thought.
The first major indication of the IMF's change of heart came in October. In its World Economic Outlook, the fund published research showing that back in 2010, when Greece and other European countries embarked on severe austerity programs, its forecasters underestimated the negative impact spending cuts and tax increases would have on the broader economy.

This has been my point all along when I have said, many times, that this Government has tried too hard to clear the economic problems by putting great effort into far too many issues and not concentrating on the main issue at hand.

If they had then they could have shown some positive progress.

Emperor Osborne fiddled while the economy burned.

DecentLivingWage

BertieUK wrote: »

This has been my point all along when I have said, many times, that this Government has tried too hard to clear the economic problems by putting great effort into far too many issues and not concentrating on the main issue at hand.

If they had then they could have shown some positive progress.

Emperor Osborne fiddled while the economy burned.

People are saying that the worst damage was done at the beginning - I suppose that figures if you beleive that fear escalates and the business,markets ,exporters and consumers all take fright together - surely Cameron cant keep holding on to Osborne now - if they try to keep bleating on about being right while even the IMF have conceded defeat they will just look desperate and weak - and silly!

IveSeenTheLight

Carl31 wrote: »

I don't actually recall being out of recession. When did that occur?

I kind of said the same thing here

IveSeenTheLight wrote: »

As for the double dip recession, with the economy pretty stagnant, the rules about entering / exiting recession and one off factors such as the olympics and diamond jubilee, it's not that surprising that we had a double dip recession nor even the possibility of technically dipping in a third time.

The low percentages and swings does make you consider if they are seperate recessions or if the recovery was short and not yet sustainable to fully come out of the recession.

PaulF81

Carl31 wrote: »

I don't actually recall being out of recession. When did that occur?

Get used to it. We have been in recession since 2002, of course the level of public and private borrowing disguised that fact.

DecentLivingWage

PaulF81 wrote: »

Get used to it. We have been in recession since 2002, of course the level of public and private borrowing disguised that fact.

From the report on the IMF :

'The upshot: Fiscal multipliers can be a lot higher in times of distress than in normal times. The logical conclusion is that Europe's austerity policies were founded on faulty assumptions and should be eased -- something Bloomberg View has advocated. To some extent, that has happened in recent months with the loosening of demands on Greece and with European leaders' tentative discussions of fiscal transfers to stimulate growth in stricken economies.'

Other countries are easing up to boost confidence and spending ....

watch for Osborne's thinly disguised U turn this week .... he got it wrong! Tories will now look weak and silly going against expert world opinion so theyll have to do something...... ReShuffle again? Osborne could shuffle off somewhere else or to 'concentrate' on one of his other jobs?

Graham_Devon

Well I said triple dip before all of you, so ner!

IveSeenTheLight

Graham_Devon wrote: »

Well I said triple dip before all of you, so ner!

Sorry, a quick search shows you didn't.
So Nah, nah, nah, nah, nah


From Aug 2010
http://forums.moneysavingexpert.com/showpost.php?p=35677769&postcount=10

You seem to have first said it at the end of July 2012
http://forums.moneysavingexpert.com/showpost.php?p=54844407&postcount=1

Graham_Devon

It was a joke....ISTL.

You seriously went searching!? LOL.

IveSeenTheLight

Graham_Devon wrote: »

It was a joke....ISTL.

You seriously went searching!? LOL.

I was interested when you said it.
If you did I would have praised (at least thanked) you for your foresight.

Alas it was just another false claim