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Recession Over...round about now.

mayonnaise
mayonnaise Posts: 3,690 Forumite
in Debate House Prices & the Economy
http://news.sky.com/story/1258404/when-did-the-great-recession-really-end
According to the Office for National Statistics (ONS), by the
end of the first quarter of this year UK gross domestic product (GDP) was still a few fractions of a percentage short of where it was at the start of the crisis in 2008.
As a result, most independent economists think we will almost certainly regain the pre-crisis peak this quarter - in other words, round about now.

Round about now. :)

Weather permitting, I'll be organising a BBQ to celebrate this milestone. Everybody welcome.
Don't blame me, I voted Remain.
«1

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    mayonnaise wrote: »
    http://news.sky.com/story/1258404/when-did-the-great-recession-really-end



    Round about now. :)

    Weather permitting, I'll be organising a BBQ to celebrate this milestone. Everybody welcome.

    but per capita gdp is still below the 07-8 peak
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What is GDP? Other than a meaningless number that politicians have latched onto.
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    It's over ... get over it.
    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
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mayonnaise wrote: »
    http://news.sky.com/story/1258404/when-did-the-great-recession-really-end



    Round about now. :)

    Weather permitting, I'll be organising a BBQ to celebrate this milestone. Everybody welcome.
    Good........
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Good grief, let the boom times roll.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ruggedtoast wrote: »
    Good grief, let the boom times roll.

    Well that's normally what happens next. :)
    “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”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    What is GDP? Other than a meaningless number that politicians have latched onto.
    For someone who previously gave GDP figures such importance previously you seem to have changed your mind very quickly unless your Walter Mitty...
    Thrugelmir wrote: »
    Having on one occasion completed a 50 page return of detailed analysis for the ONS. I can assure you that the figures aren't manipulated. Due the nature of the business That I worked for. I regularly applied for and was granted 2 month extensions to file ONS returns. As the analysis required wasn't information we recorded for accounts or internal management purposes.

    Being the 2nd largest company in the sector. We received every return to complete that was imaginable.

    So I for one, understand why GDP figures get revised. Not least that our data wasn't consistent compared year to year. With turnover determined by market prices not ourselves.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    CLAPTON wrote: »
    but per capita gdp is still below the 07-8 peak

    not for long.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Generali wrote: »
    not for long.

    it's good news but still needs to be scene in the proper context
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    So just the half a trillion of invented quids to go then...
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