Shock fall in UK GDP 3rd Quarter

[sasguru]

http://www.guardian.co.uk/business/2...cession-record

Yet again the highly paid economists in the City prove that they are as useless as a chocolate teapot.

[SantaClaus]

Keep up at the back

http://forums.contractoruk.com/gener...ar-doomed.html

[Moscow Mule]

Keep up at the back

http://forums.contractoruk.com/gener...ar-doomed.html

Pot, kettle

http://forums.contractoruk.com/gener...93-doomed.html

[sasguru]

This is the official GDP fall thread

[SantaClaus]

This is the official GDP fall thread

fair enough, I'm happy to talk about the failure of the UK anywhere

This one does make nice reading though:

U.K. Economy Unexpectedly Shrinks in Longest Slump
http://www.bloomberg.com/apps/news?p...d=aoJTUKcx.E9A

[Doggy Styles]

City economists had almost unanimously expected a small increase in GDP. Quarterly records go back to 1955 and show there has never until now been six quarters of contraction in a row.

Congratulations Gordon.

What is the definition of a depression? Is it GNP contraction by 10% over a period of time?

[TimberWolf]

Still as long as we keep importing people at record levels while unemployment shoots up, we will be fine. We can be the bread basket case of Europe.

[minestrone]

http://www.guardian.co.uk/business/2...cession-record

Yet again the highly paid economists in the City prove that they are as useless as a chocolate teapot.

Rotherham looks like a total tuliphole!!

[Coalman]

Rotherham looks like a total tuliphole!!

That was Rotherham at the height of the boom!

[thunderlizard]

There's never a "shock rise" is there? When bankers are swimming in champagne on the back of a boom, they never say "Nobody, not even the experts, could have foreseen this".