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UK economy contracts sharply [again]

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Kris
World Chat Champion



Joined: 03 Feb 2002
Karma :
PostPosted: 23:05 - 30 Jun 2009    Post subject: UK economy contracts sharply [again] Reply with quote
But it's a shock apparently.

https://news.bbc.co.uk/1/hi/business/8125898.stm

"The scale of revision comes as a real shock, and highlights the extreme weakness of the economy in the early months of the year"
Andrew Goodwin, Ernst & Young Item Club

Sure, sure. No-one saw it coming aye?

Investment bank JP Morgan and the Centre for Economic and Business Research, a respected UK economic think tank, both believe a recession is on the way.

The world economic situation does not give much cause for optimism. A prolonged global financial crisis has been narrowly avoided so far, but more economic troubles could be bubbling under the surface.

https://news.bbc.co.uk/1/hi/business/the_economy/240816.stm
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Mushroom
Nearly there...



Joined: 30 Apr 2009
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PostPosted: 23:18 - 30 Jun 2009    Post subject: Reply with quote
a recession could be on the way Laughing Laughing Laughing Laughing Laughing
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Kickstart
The Oracle



Joined: 04 Feb 2002
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PostPosted: 23:20 - 30 Jun 2009    Post subject: Reply with quote
Mad_Mushroom wrote:
a recession could be on the way Laughing Laughing Laughing Laughing Laughing


Quite forward thinking when you check the date of the article

Sunday, January 3, 1999 Published at 10:09 GMT

All the best

Keith
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Mushroom
Nearly there...



Joined: 30 Apr 2009
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PostPosted: 23:29 - 30 Jun 2009    Post subject: Reply with quote
i know but still rather funny Laughing
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Kris
World Chat Champion



Joined: 03 Feb 2002
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PostPosted: 07:48 - 01 Jul 2009    Post subject: Reply with quote
Kickstart wrote:

Quite forward thinking when you check the date of the article

Sunday, January 3, 1999 Published at 10:09 GMT



Yep. Do you remember recently Brown saying "There was no way of seeing it coming.."?

Funny that. Very Happy
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SoND
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Joined: 10 Jul 2005
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PostPosted: 18:08 - 01 Jul 2009    Post subject: Reply with quote
At what point does it count as a depression?
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