The UK economy is back in recession, its first double-dip recession since the 1970s, following a surprise 0.2% drop in GDP in the first quarter of 2012. Analysts had anticipated modest growth of 0.1-0.2%. The pound dropped following the news as markets expect that the Bank of England will be forced to resume its quantitative […]
UK Does Double Dipping Read More »
Official figures have confirmed that the UK economy slipped by 0.2% for the fourth quarter of 2011. Household spending was up 0.5% quarter on quarter, the highest since the second quarter of 2010. Government spending, meanwhile, was ahead by 1% over the previous three months. Benefiting from a weaker pound exports were up by 2.3%.
The UK Is Flirting With A Double Dip Recession Read More »
Pandora’s box is an artefact in Greek mythology, taken from the myth of Pandora’s creation in Hesiod’s Works and Days. The “box” was actually a large jar given to Pandora which contained all the evils of the world. When Pandora opened the jar, all its contents except for one item were released into the world.
The UK Is A Rock In A Hard Place Read More »
The British economy shrank by 0.2% in the fourth quarter of 2011, according to official ONS figures, edging closer to a recession (defined in the UK and Europe as two or more consecutive quarters of contraction). This is worse than economists expected, having pencilled in a 0.1% contraction. In the third quarter of 2011, the
The UK Economy Edges Closer To A Double Dip Recession Read More »
The UK Is Back In The Recession It Never Came Out Of. In Reality The USA Is No Different The definition of recessions has altered over the years and varies from country to country and continent to continent. In the UK A recession is defined as two consecutive periods of negative growth. In the USA
The UK Is Back In The Recession It Never Came Out Of Read More »
When the main markets began to ‘correct’ in late July – early August many sages and sock puppets were immediately let loose to ‘astroturf’ the airwaves, forums and usual suspect news broadcasts in order to soothe the masses with regards to the impact. One of the most prominent messages was; “well we’re still in positive
Does a dead cat still bounce when it's nine lives are over? Read More »
