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MSE News: GDP up 0.3% as UK avoids triple-dip recession

Former_MSE_Jamie
Former_MSE_Jamie Posts: 98 Forumite
in Debate House Prices & the Economy
"Britain has avoided a triple-dip recession after the economy grew by 0.3% during the first quarter ..."
Read the full story:

GDP up 0.3% as UK avoids triple-dip recession

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Comments

  • jobdone1
    jobdone1 Posts: 841 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    Gdp growth of JUST 0.3% is hardly anything to start wanting to have a party.
  • Steve059
    Steve059 Posts: 2,686 Forumite
    Combo Breaker First Post
    "Aww, I like triple dips. Especially if they have cheese and chive. That's my favourite".

    "We're talking about the economy, George."
    If you fold it in half, will an Audi A4 fit in a Citroen C5? :)
  • Carl31
    Carl31 Posts: 2,616 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Dont get excited, it will be revised down next month

    I dont trust any official figures any more
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    Carl31 wrote: »
    Dont get excited, it will be revised down next month

    I dont trust any official figures any more

    Why would you care about a revision of an untrustworthy figure?

    :cheesy:
  • Carl31
    Carl31 Posts: 2,616 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Mr._Pricklepants wrote: »
    Why would you care about a revision of an untrustworthy figure?

    :cheesy:

    I dont really care, its just getting boring hearing all the talking up of the economy. The problem is there is no substance to the claims. If we were seeing economic recovery, it would be visible in everyday life, instead we see news of home ownership at 30 year low, unemployment up, food bills rising every week.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Name Dropper Photogenic First Anniversary First Post
    Carl31 wrote: »
    If we were seeing economic recovery, it would be visible in everyday life, instead we see news of home ownership at 30 year low, unemployment up, food bills rising every week.


    You appear to be overlooking the very large budget deficit that needs to be filled just to balance the books. Still be these issues even if the economy was buoyant. Growth does not equal higher wages or benefits either.
  • poppy10_2
    poppy10_2 Posts: 6,579 Forumite
    Name Dropper First Post First Anniversary
    Fake claims. This is more dodgy than the manipulated inflation figures
    poppy10
  • squeeks
    squeeks Posts: 309 Forumite
    I am pretty sure when we look at interest rates on bank accounts we are meant to also think about inflation and if money sat in the bank is actually gaining or loosing value.

    With that in mind, the gdp growth rate, while my money might now be worth £1.54 instead of £1.53, I am pretty certain that the everything I want to buy now costs more, than the buying power increase.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    squeeks wrote: »
    I am pretty sure when we look at interest rates on bank accounts we are meant to also think about inflation and if money sat in the bank is actually gaining or loosing value.

    With that in mind, the gdp growth rate, while my money might now be worth £1.54 instead of £1.53, I am pretty certain that the everything I want to buy now costs more, than the buying power increase.

    You will probably find the things you really need to buy have gone up appreciably more, than those you can do without, too..
    "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
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    despite avoiding a TDR we are still bumping alone the bottom with just about 1.2% in growth since these numpties staged a political coup in may 2010
This discussion has been closed.
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