Triple Dip InEscapable - UK Back In Recession?

ManAtHome

wotsthat wrote: »

GDP growth of +0.1% or -0.1% are effectively the same thing but of course they are the difference between victory and defeat on the MSE forum.

Yup, especially when 'we' are printing (and spending) at least 7% of GDP each year...

DecentLivingWage

'Triple Dip Recession to give Cons massive electoral headache' (Guardian) George Osborne's window of opportunity to change corse of tanking economy rapidly closing.... apparently

http://www.guardian.co.uk/business/2013/jan/06/triple-dip-recession-tories-electoral-headache

IveSeenTheLight

chewmylegoff wrote: »

You should have searched for "tripple dip". Had you done so you would have found that Graham was talking about it ages ago.

Dammit, wotsthat got there before me. I will go through some of his old posts and try to find one where he mis-used an apostrophe.

I did search "triple dip".
Graham mentioned it at the end of July 2012.
Another poster mentioned it two years earlier.

[edit]
Oh I see, you misspelled triple
[/edit]

grizzly1911

IveSeenTheLight wrote: »

I did search "triple dip".
Graham mentioned it at the end of July 2012.
Another poster mentioned it two years earlier.

[edit]
Oh I see, you misspelled triple
[/edit]

Probably had a swift one in mind.

DecentLivingWage

grizzly1911 wrote: »

Probably had a swift one in mind.

Never mind the spelling.... now even the IMF is worried about Osborne! As it says in this scary article - the last shred he had to cling to about Plan A being the only plan because IMF agreed... well it appears they were the 'last man standing' and even they have abandoned him and are urging him to change course to one more like Ed Balls Plan B :

“Recovery has stalled. Post-crisis repair and rebalancing of the UK economy is likely to be more prolonged than initially envisaged.

“Confidence is weak and uncertainty is high. Looking ahead, the economy is expected to grow modestly, but with current policy settings the pace will be insufficient to absorb significant slack in the economy, raising the risk of a permanent loss of productive capacity.”

http://www.huffingtonpost.co.uk/2012/07/19/imf-warns-coalition-to-slow-austerity-_n_1686030.html?utm_hp_ref=tw

mystic_trev

The UK will narrowly escape a triple-dip recession with economic growth for Q1 forecast to be 0.1%, acccording to the National Institute of Economic and Social Research(NIESR).

http://www.investmentweek.co.uk/investment-week/news/2260387/uk-to-escape-tripledip-recession-niesr

Generali

mystic_trev wrote: »

http://www.investmentweek.co.uk/investment-week/news/2260387/uk-to-escape-tripledip-recession-niesr

Celebrating a growth prediction of 0.1% reminds me of Homer Simpson getting on the scales and going "Woo hoo!" & "d'oh" as the dial over and under shoots his weight.

mystic_trev

Generali wrote: »

Celebrating a growth prediction of 0.1% reminds me of Homer Simpson getting on the scales and going "Woo hoo!" & "d'oh" as the dial over and under shoots his weight.

Agreed,they did say 'narrowly' I just thought I'd let DLW know the good news!

Generali

mystic_trev wrote: »

Agreed,they did say 'narrowly' I just thought I'd let DLW know the good news!

I'm sure he'll be as happy with the good news as the rest of us.:beer:

IzzyFreedman

Generali wrote: »

Celebrating a growth prediction of 0.1% reminds me of Homer Simpson getting on the scales and going "Woo hoo!" & "d'oh" as the dial over and under shoots his weight.

Ha but what about when they celebrate its only minus this amount not as bad as we feared?