The ONS miscalculated 2% of the GDP meanwhile there’s an article about 0.1% without revision…
It doesn’t feel like we are not slipping into a recession, everything is so expensive; housing, food, energy bills. I wonder if we are not slipping because those listed things are basically propping up the economy.
Quiet in here.
We are all going in to a massive recession, in order to combat inflation. It is the way.
At least we can control our own interest rates.
I cant wait for this to be reflected in the price of household goods!
Oh wait… it won’t be? Any gains made by the nation aren’t for us? Damn.
The ultra rich are now distorting the economic figures so much that even though the 99% of the country are experiencing a recession, the 1% are unaffected and can steal so much it looks like everything is fine.
Unfortunately when ordinary people suffer total economic collapse and cannot even pay for the basics, then the figures will suddenly plummet.
This seems like an erroneous comparison. Does the EU going into recession mean every single country within it? Or does it mean on average?
If it means on average, then that means some countries may be doing comparable to or better than the UK also?
Maybe some other metrics could become popular headlines when commenting on growth and the economy.
E.g. A Generational Stat that looks at growth/shrink over 25 years.
E.g. A Governmental Stat that is a view on growth that is as long as the Prime Minister’s party has been in charge.
These are just conversation starter idea metrics. My point is being locked in to 2 quarters doesn’t tell enough of the story. It’s obtuse being told to celebrate huge success, at the same time as witnessing our National standard of living being stripped before us!
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Shhhhh……….. no positive U.K. news please
The ONS miscalculated 2% of the GDP meanwhile there’s an article about 0.1% without revision…
It doesn’t feel like we are not slipping into a recession, everything is so expensive; housing, food, energy bills. I wonder if we are not slipping because those listed things are basically propping up the economy.
Quiet in here.
We are all going in to a massive recession, in order to combat inflation. It is the way.
At least we can control our own interest rates.
I cant wait for this to be reflected in the price of household goods!
Oh wait… it won’t be? Any gains made by the nation aren’t for us? Damn.
The ultra rich are now distorting the economic figures so much that even though the 99% of the country are experiencing a recession, the 1% are unaffected and can steal so much it looks like everything is fine.
Unfortunately when ordinary people suffer total economic collapse and cannot even pay for the basics, then the figures will suddenly plummet.
This seems like an erroneous comparison. Does the EU going into recession mean every single country within it? Or does it mean on average?
If it means on average, then that means some countries may be doing comparable to or better than the UK also?
Maybe some other metrics could become popular headlines when commenting on growth and the economy.
E.g. A Generational Stat that looks at growth/shrink over 25 years.
E.g. A Governmental Stat that is a view on growth that is as long as the Prime Minister’s party has been in charge.
These are just conversation starter idea metrics. My point is being locked in to 2 quarters doesn’t tell enough of the story. It’s obtuse being told to celebrate huge success, at the same time as witnessing our National standard of living being stripped before us!