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Q4 GDP predicted to fall 0.5%

Rinoa
Rinoa Posts: 2,701 Forumite
in Debate House Prices & the Economy
No, not here. Germany.

http://www.telegraph.co.uk/finance/economics/9802081/German-economy-shrinks-0.5pc-as-euro-crisis-weighs.html

Which begs the question, are Osborne/Cameron really incompetent, or are economic conditions in Europe so bad that growth expectations are unrealistic right now?
If I don't reply to your post,
you're probably on my ignore list.

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Osborne and Cameron are incompetent.

    AND

    Economic conditions are bad in Europe at the moment.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    Rinoa wrote: »
    No, not here.

    Naughty Rinoa....you owe shortchanged a clean pair of underwear now.
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    The left who are slamming the coalition for flat GDP are very quick to overlook the European and global dimensions to the slump. Yet they are very quick also to claim that Labour's reckless abandonment of fiscal responsibility was all due to the global banking crash.
    No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.

    The problem with socialism is that eventually you run out of other people's money.

    Margaret Thatcher
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    GeorgeHowell wrote: »
    The left who are slamming the coalition for flat GDP are very quick to overlook the European and global dimensions to the slump. Yet they are very quick also to claim that Labour's reckless abandonment of fiscal responsibility was all due to the global banking crash.

    Yep all swings and roundabouts.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    Which begs the question, are Osborne/Cameron really incompetent, or are economic conditions in Europe so bad that growth expectations are unrealistic right now?

    The UK's fared better than a number of European countries for some time. That was always the question when Labour said go for growth. Monetary contraction is a global issue not just the UK in isolation.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Confirmed as -0.5% QoQ up 0.7% YoY.

    It looks like the US is coming out of its problems, Europe is just getting worse and worse. It'll be interesting to see which way the UK is dragged as the UK's economy has more in common with the US's than Germany's or Spain's however the EU is the UK's biggest trading partner.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    It looks like the US is coming out of its problems,

    Only in the short term.
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