From the Central Banks quarterly bulletins this year:
These are growth estimates for year 2023.
Q1: 5.2%
Q2: 4.3%
Q3: 4.2
Q4: 2.3%
Getting lower revisions all the time. We’re likely to have a recession but banks are desperate not to say it because it’ll impact on peoples behaviour if they say we’re in a recession.
Soft Landing™️
It may feel like a recession for many, but here’s why it isn’t :
Recessions are when the rich cannot afford a larger yacht.
Growing homelessness, fuel poverty, and cost of living outpacing wages are not a problem because the economy is not a measure of how well poor people are doing.
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From the Central Banks quarterly bulletins this year:
These are growth estimates for year 2023.
Q1: 5.2%
Q2: 4.3%
Q3: 4.2
Q4: 2.3%
Getting lower revisions all the time. We’re likely to have a recession but banks are desperate not to say it because it’ll impact on peoples behaviour if they say we’re in a recession.
Soft Landing™️
It may feel like a recession for many, but here’s why it isn’t :
Recessions are when the rich cannot afford a larger yacht.
Growing homelessness, fuel poverty, and cost of living outpacing wages are not a problem because the economy is not a measure of how well poor people are doing.