  |
 Yay! The economy! |
| Track this thread - Email this thread - Print this thread - Download this thread - Subscribe to this forum |
 Jan 13 2020, 10:32 AM
Post
#461
|
|
 Cœur poids plume
Joined: 3 November 2007
Posts: 18,129 User: 4,718 
     
|
Britain's November GDP decreased by 0.3%, meaning that Q4 could well be the second quarterly decrease of the year.
Italy are once again likely to save the UK from being the the worst performing European country. |
 |
 
|
|
Jan 13 2020, 11:46 PM
Post
#462
|
|
 #38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
 
|
Yes, the British economy is flagging - looks like the BoE are hinting that they may CUT interest rates later this year from their dizzying current high of 0.75%.
I think we'll be below 1.0% growth when the final figures come in. |
|
|
|
|
Mar 26 2020, 03:13 AM
Post
#463
|
|
|
Cœur poids plume
Joined: 3 November 2007
Posts: 18,129 User: 4,718
|
The first country to give quarterly data in 2020 is Singapore. -2%, which is worse than expected, and amounts to -10.6% annually.
Singapore hasn't been hit too far by the virus itself, recording only two deaths and with no domestic measures other than various travel bans until today. But it is of course exposed to more substantial economic shutdowns elsewhere. Q1 is the tip of the iceberg, with the first two thirds or so of this period not being too consequential outwith China. I can't see how Singapore's Q2 data will be anything other than much worse. This is going to be absolutely brutal. |
|
|
|
|
Mar 26 2020, 09:53 PM
Post
#464
|
|
|
New Entry
Joined: 14 March 2020
Posts: 27 User: 103,580
|
QUOTE(Harve @ Mar 25 2020, 11:13 PM)  The first country to give quarterly data in 2020 is Singapore. -2%, which is worse than expected, and amounts to -10.6% annually. Singapore hasn't been hit too far by the virus itself, recording only two deaths and with no domestic measures other than various travel bans until today. But it is of course exposed to more substantial economic shutdowns elsewhere. Q1 is the tip of the iceberg, with the first two thirds or so of this period not being too consequential outwith China. I can't see how Singapore's Q2 data will be anything other than much worse. This is going to be absolutely brutal. yep - everywhere is getting shutdown or put in lockdown. really hoping that this will all end in 3-4 months and things start to pick up. |
|
|
|
|
Apr 10 2020, 03:52 PM
Post
#465
|
|
 BuzzJack Legend
Joined: 13 April 2007
Posts: 36,655 User: 3,272
      
|
The February growth figure has been confirmed as -0.1% meaning that overall growth in the first two months of the year was zero. That adds to a growth rate in the last quarter of 2019 of zero. With March growth certain to be negative, we will narrowly have avoided an official recession as that requires two quarters of negative growth.
|
|
|
|
|
Apr 14 2020, 11:58 AM
Post
#466
|
|
 I Drink Wine
Joined: 12 April 2015
Posts: 10,484 User: 21,753
 
|
|
|
|
|
|
Apr 20 2020, 06:08 PM
Post
#467
|
|
|
#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
|
The futures oil price has just dropped BELOW $1 a barrel.
|
|
|
|
|
Apr 20 2020, 06:14 PM
Post
#468
|
|
|
Queen of Soon
Joined: 24 May 2007
Posts: 74,077 User: 3,474
  
|
Brent Crude, is still at 26$ at the moment but is also on a massively downward spiral.
The US is in deeeeeeeeeeep trouble with oil at 0,69$ a barrel. I’ve just eaten more than an oil barrels worth of bloody haribo 
|
|
|
|
|
Apr 20 2020, 06:26 PM
Post
#469
|
|
|
#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
|
|
|
|
|
|
Apr 20 2020, 06:50 PM
Post
#470
|
|
|
Cœur poids plume
Joined: 3 November 2007
Posts: 18,129 User: 4,718
|
Will happily take a few barrels of oil off your hands for some €€€
|
|
|
|
|
Apr 20 2020, 06:57 PM
Post
#471
|
|
 I'm a paragon so don't perceive me
Joined: 3 February 2011
Posts: 37,409 User: 12,929          
|
Ha!
Inevitable consequence but what a spectacle. Those who cause a price war get what they deserve. |
|
|
|
|
Apr 20 2020, 08:16 PM
Post
#472
|
|
|
Queen of Soon
Joined: 24 May 2007
Posts: 74,077 User: 3,474
|
It’s down at like -40$ a barrel now. I’m making enquires about the best places in Berlin to store an oil tanker
|
|
|
|
|
Apr 20 2020, 08:28 PM
Post
#473
|
|
 is in hibernation
Joined: 24 August 2014
Posts: 11,385 User: 21,161
|
It may be funny/captivating from afar but not so much here, thousand of jobs are at risk, my dad included D: Aberdeen can’t survive another oil crash, it’ll kill the city just as it was beginning to recover. Gaaaah this is so worrying
|
|
|
|
|
Apr 20 2020, 08:51 PM
Post
#474
|
|
|
Bitch of t seet
Joined: 2 April 2012
Posts: 27,395 User: 16,660
 
|
Not -37 dollars
 What a mess |
|
|
|
|
Apr 30 2020, 04:34 PM
Post
#475
|
|
|
#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
|
France posts worst quarterly figures since World War II - first country to go into recession (Q4 2019 was -0.1pc).
Q1 2020 GDP negative 5.8pc https://www.france24.com/en/20200430-france...n-first-quarter |
|
|
|
|
May 9 2020, 04:26 PM
Post
#476
|
|
|
#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
|
UK Q1 GDP figures expected on Tuesday.
February was already negative 0.1% before the lockdown even started and March will only include 1 week of total lockdown - despite this the Bank of England are forecasting MINUS 3%. Q2 forecast to be MINUS 25%!! |
|
|
|
|
May 9 2020, 05:09 PM
Post
#477
|
|
|
Cœur poids plume
Joined: 3 November 2007
Posts: 18,129 User: 4,718
|
What this will look like, say, in 2023 is completely unimaginable.
Not that the figures will get worse per se - just that I have no idea what the long term impact of shutting down the economy for several months is but I suspect it will be awful. |
|
|
|
|
May 9 2020, 05:45 PM
Post
#478
|
|
 WINTER IS COMING
Joined: 7 March 2006
Posts: 45,597 User: 88
  
|
QUOTE(Harve @ May 9 2020, 06:09 PM) What this will look like, say, in 2023 is completely unimaginable. Not that the figures will get worse per se - just that I have no idea what the long term impact of shutting down the economy for several months is but I suspect it will be awful. It's going to be totally grim. Even longer and sustained if we can't find a vaccine too. Tourism, aviation, hospitality etc. going to be totally ruined. Social distancing will kill them off. |
|
|
|
|
May 11 2020, 10:58 AM
Post
#479
|
|
|
Queen of Soon
Joined: 24 May 2007
Posts: 74,077 User: 3,474
|
DW is reporting on its corona ticker that Reuter’s has surveyed 34 banks and has the following Q1 GDP estimates:
DE -2.1% IT -4.7% FR -5.8% Think a lot of places we won’t see the true extent of the damage until Q2 but that is a very steep contraction from France if it turns out to be accurate Saudi Arabia tripled its VAT rate this morning to 15% (effective 1/7) and withdrew a nearly 300€ monthly allowance for public sector employees. First of the petrostates to show signs of some issues. Interesting that it’s KSA, commonly seen to have quite a substantial level of resources, and not one of the smaller gulf states. Going to be interesting to see how measures continue to unfold as the crisis goes on. Also quite interesting that they’ve increased VAT when most countries are putting in place either temporary reductions or some permanent reductions (such as the UK, Czechia, Croatia and Spain finally catching up to the years old ECJ ruling that allows for VAT on eBooks to be cut to equalise their VAT treatment with actual printed books) |
|
|
|
|
May 11 2020, 01:53 PM
Post
#480
|
|
|
#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
|
QUOTE(Quarantilas @ May 11 2020, 11:58 AM) DW is reporting on its corona ticker that Reuter’s has surveyed 34 banks and has the following Q1 GDP estimates: DE -2.1% IT -4.7% FR -5.8% Think a lot of places we won’t see the true extent of the damage until Q2 but that is a very steep contraction from France if it turns out to be accurate Saudi Arabia tripled its VAT rate this morning to 15% (effective 1/7) and withdrew a nearly 300€ monthly allowance for public sector employees. First of the petrostates to show signs of some issues. Interesting that it’s KSA, commonly seen to have quite a substantial level of resources, and not one of the smaller gulf states. Going to be interesting to see how measures continue to unfold as the crisis goes on. Also quite interesting that they’ve increased VAT when most countries are putting in place either temporary reductions or some permanent reductions (such as the UK, Czechia, Croatia and Spain finally catching up to the years old ECJ ruling that allows for VAT on eBooks to be cut to equalise their VAT treatment with actual printed books) France's figures were already released - Minus 5.8% and because Q4 in 2019 was -0.1% they are officially in recession. The UK will be spared that because our growth in Q4 2019 was .... 0.0%! |
|
|
|
|
| Time is now: 19th April 2024 - 11:44 PM |
Copyright © 2006 - 2024 BuzzJack.com
About | Contact | Advertise | Privacy Policy | Terms of Service
