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MSE News: GDP up 0.3% as UK avoids triple-dip recession
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Former_MSE_Jamie
Posts: 98 Forumite
"Britain has avoided a triple-dip recession after the economy grew by 0.3% during the first quarter ..."
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GDP up 0.3% as UK avoids triple-dip recession
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GDP up 0.3% as UK avoids triple-dip recession
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Gdp growth of JUST 0.3% is hardly anything to start wanting to have a party.0
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"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?
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Dont get excited, it will be revised down next month
I dont trust any official figures any more0 -
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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.0 -
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.0 -
Fake claims. This is more dodgy than the manipulated inflation figurespoppy100
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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.0 -
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 Muruganantham0 -
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 20100
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