Recession over (probably)

**BlackenedBiker** · 26 January 2010, 08:14

Originally posted by DimPrawn View Post

http://www.telegraph.co.uk/finance/f...n-decades.html

So, no more doom guys. We are not in recession, unemployment is falling and didn't rise much, house prices are no lower than before and people are better off than ever, City is paying huge bonuses, car sales have biggest gain in 34 years, houses are more affordable than ever due to low interest rates and exports are rising due to weak pound.

What was all the fuss about? A bright rosy future awaits us under another term of Labour.

Bring on the W shaped recession???

**Waldorf** · 26 January 2010, 08:33

I am worried that the first quarter of 2010 will drop again - these figures will be out just before the election

**HairyArsedBloke** · 26 January 2010, 09:33

+0.1

(edit) Sminki

**sweetandsour** · 26 January 2010, 09:36

How likely is it that that figure will be revised later?

**VectraMan** · 26 January 2010, 09:42

Wasn't the recession probably over last time?

**HairyArsedBloke** · 26 January 2010, 09:45

Originally posted by sweetandsour View Post

How likely is it that that figure will be revised later?

100% - they alway are because the figures released are based on incomplete data. If you asking if it will be revised lower, I think so. However, previous figures were revised up from -0.3% to -0.2%.

**gingerjedi** · 26 January 2010, 09:54

7000 fall in unemployment, economy grows 0.1% ...both figures are only just on the positive side, I call shenanigans!!

**ChimpMaster** · 26 January 2010, 10:16

"Britain expected to exit worst recession in decades"
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"Britain expected to exit worst recession, in decades"

**sunnysan** · 26 January 2010, 10:18

Suitable quote about this...

"Facts are stubborn things but statistics are more pliable"

Laurence Peter, author of the Peter Principle

Recession over (probably)