Economic growth slows to 0.3%

Graham_Devon

CLAPTON wrote: »

what's economic growth of 2.4% got to do with houses prices?

The fact that house price growth feeds into GDP?

CLAPTON

stator wrote: »

Guess the PPI refunds are running out. The "recovery" has been fueled by nothing but consumer spending. There has been no significant rise in real manufacturing or productivity. We kid ourselves if we think we are doing better than the Eurozone.

the sole and only purpose of working is to produce consumer goods and services

so rejoice.

the lack of productivity is due to the massive influx of cheap labour.

shortchanged_2

stator wrote: »

Guess the PPI refunds are running out. The "recovery" has been fueled by nothing but consumer spending. There has been no significant rise in real manufacturing or productivity. We kid ourselves if we think we are doing better than the Eurozone.

Yes we need to find another mis-selling scandal ASAP. I'm putting my money on IO mortgages.

mayonnaise

stator wrote: »

Guess the PPI refunds are running out. The "recovery" has been fueled by nothing but consumer spending. There has been no significant rise in real manufacturing or productivity. We kid ourselves if we think we are doing better than the Eurozone.

PPI refunds have had little or no effect on GDP.

lisyloo

I'm putting my money on IO mortgages.

Really?
I'm expecting that to be dismissed with "what part of INTEREST ONLY don't you understand".

shortchanged_2

mayonnaise wrote: »

PPI refunds have had little or no effect on GDP.

I'm sure they have had a nice little stimulus on the car industry.

shortchanged_2

lisyloo wrote: »

Really?
I'm expecting that to be dismissed with "what part of INTEREST ONLY don't you understand".

The......'my mortgage balance didn't decrease during the 25 years I was paying it. Why? I was not told this, I have been mis-sold.'

Thrugelmir

cepheus wrote: »

UK GDP grew by 0.3 % in Q1, way below expectations of 0.6%. This is what the Tories feared since the 'economic recovery' is the cornerstone of the parties agenda. This can't help their election prospects.

Growth is growth. Coupled with a declining borrowing requirement the ship is heading in the right direction.

I'm still waiting for all the main players to come clean. As the numbers in their plans simply don't add up.

Physics

HAMISH_MCTAVISH wrote: »

2.4% annual growth may sound 'tiny' but that equates to many hundreds of thousands of people getting a job as unemployment falls.

Or as immigration rises. Much of the UK's GDP growth can be explained by immigration. Actually, given how badly productivity fallen since the crash, the fact unemployment has gone down almost requires a net increase in people to explain an increase in GDP.

GDP per capita statistics are much less rosy.

Generali

stator wrote: »

Guess the PPI refunds are running out. The "recovery" has been fueled by nothing but consumer spending. There has been no significant rise in real manufacturing or productivity. We kid ourselves if we think we are doing better than the Eurozone.

Developed economies are consumer spending though. People make stuff and that stuff is consumed allowing the makers to consume stuff.

A rise in consumer spending is more stuff sold and bought which is more GDP and more jobs.

If people ain't buying what you sell then you ain't selling anything and can't buy. Either we trade and consume or we make our own clothes from the flax we can grow in the back garden.