UK Still in Recession Shock

[jesusbuiltmycar]

times said:

Britain has failed to emerge from recession, as new figures revealed the economy shrank by 0.4 per cent between July and September.

times said:

Economists had widely expected Britain to emerge from recession in the third quarter, with the consensus pointing to growth of 0.2 per cent.

Who are these so called experts? They are clearly not very good at their jobs!

So Germany and France are out of recession while our economy is still shrinking. Didn't Brown and Badger say we would be out first?

Edited by jesusbuiltmycar on Friday 23 October 10:06

[VX Foxy]

Looks like you started the threads at the same time

http://www.pistonheads.com/gassing/topic.asp?h=0&a... we ARE still in recession, then.....

[Digga]

jesusbuiltmycar said:

times said:

Britain has failed to emerge from recession, as new figures revealed the economy shrank by 0.4 per cent between July and September.

Anecdotally, I'd say this 'feels' right from my perspective. I beleive (and I know I don;t shut up about this) that much of this is down to the very dire state of SME banking and, specifically, the starvation of credit and working capital that has followed the big bank's clamour to correct their balances.

jesusbuiltmycar said:

times said:

Economists had widely expected Britain to emerge from recession in the third quarter, with the consensus pointing to growth of 0.2 per cent.

Who are these so called experts? They are clearly not very good at their jobs!

The same tts who failled, in the main, to see the credit crunch looming.