Sun Jan 13, 2013, 05:37 AM
HiPointDem (20,729 posts)
Triple-dip recession in britain?
"Horrible" setbacks for Britain's builders and manufacturers shook the City yesterday as a leading forecaster's warning of a winter slump heightened fears of a triple-dip recession.
Manufacturing output slipped by 0.3 per cent in November, confounding hopes of a 0.5 per cent bounceback from a dreadful October, the Office for National Statistics said. Construction firms saw output fall 3.4 per cent.
The National Institute for Economic and Social Research (NIESR) warned of a 0.3 per cent dip for the wider economy between October and December.
Although NIESR believes underlying growth is flat, a negative result would mean the economy has shrunk for four of the last five quarters.
6 replies, 527 views
Triple-dip recession in britain? (Original post)
Response to HiPointDem (Original post)
Sun Jan 13, 2013, 08:37 AM
Downwinder (11,760 posts)
2. Who would have thought that would happen?
Well, other than the Geeks, Spanish, Portuguese, and Irish.
Response to n2doc (Reply #3)
Sun Jan 13, 2013, 10:28 AM
Londoncalling (66 posts)
4. We have to wait until 2015
This is going to be tough year as it is in the UK....The Conservatives are hated and losing to UKIP which is
becoming more and more like the Tea Party.
Response to Londoncalling (Reply #4)
Sun Jan 13, 2013, 10:43 AM
pink-o (4,028 posts)
5. What a bloody shame. I lived in London pre-Thatcher
And it was easy for a young girl to make a living wage and have a good life. My flat in Marleybone was £35 a month! Nowadays it costs that much for a quarter of an hour.
I truly believe Thatcher ruined my beloved Britain. Just like Nixon and Reagan destroyed us here. We've been trying to recover from their policies for the last 3 decades.