Britain to emerge out of recession last...

[Puggit]

Thanks Winky+Badger...

[oyster]

How do the numbers work then?

If the UK economy shrunk by 2.5% in Q1 and 0.7% in Q2 then we are down by approx 3.2%. If as the OECD suggest, we shrink 1.0% in Q3 and then no change in Q4 then I make that approx 4.2% decline. So why do they say it will be a 4.7% decline?

[Pickled Piper]

Is this the twenty year recession that the press were predicting a few months back?

Just about every European monetary group has it in for the UK. First our economy was going to bomb faster than anybody else's, then it was going to be in recession for ten or twenty years. Now it's going to emerge out of recession last.

Don't believe everything you read.

pp

[Digga]

Puggit said:

Thanks Winky+Badger...

For spazzing out a load of public money to encourage people to bin perfectly serviceable old bangers and spend a huge chunk of their disposable income German/French/Japanese/Italian [delete as appropriate] cars instead.

Why not just set up a direct debit between the treasury and overseas banks and cut out all the middlemen?

[Fittster]

They didn't call it the great depression in 1929.

[Digga]

Fittster said:

They didn't call it the great depression in 1929.

Before 1914 or so, the term, The Great War referred, in Europe, to the Napoleonic Wars.