May 11, 20205 yr 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%! Do you know what our Q4 figure would have been if it was measured to two dp?
May 11, 20205 yr Do you know what our Q4 figure would have been if it was measured to two dp? 0.00% - the increase was only 2/10000's of a percent, or 0.0002%. How we compared to the world in Q4: US: +0.5% Spain: +0.5% Eurozone: +0.1% UK: zero growth France: −0.1% Italy: −0.3%
May 11, 20205 yr 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%! Duh! Of course it was. Thanks for the reminder!! Another tory recession avoided by the tiniest of margins. Wonder if the revisions will push the 0% down to be a contraction :thinking:
May 11, 20205 yr 0.00% - the increase was only 2/10000's of a percent, or 0.0002%. How we compared to the world in Q4: So we haven't avoided being in recession already simply because of rounding.
May 13, 20205 yr Q1 UK confirmed this morning as -2%. Data suggests the economy was already in trouble before corona hit
May 13, 20205 yr Q1 UK confirmed this morning as -2%. Data suggests the economy was already in trouble before corona hit −5.8% for March alone. The total decline in the Financial Crisis of 2008/2009 was around 6%.. this 5.8% decline was for one month which included around a week of total lockdown, a record breaking fall but worse is to come in Q2, much worse.
May 15, 20205 yr DE Q1 is out now and is a fall in GDP of -2.2% and we locked down earlier than the UK did. 0% growth in Q4 2019 was revised to a contraction of -0.1% meaning that like France, Germany is also now in recession.
May 15, 20205 yr The Dutch economy was actually growing until the first half of march after which it has collapsed and ended the first quarter on a -1.7%
August 12, 20204 yr @1293436624517332993 @1293457200078303234 The least surprising news of the day, and of course Rishi Sunak had to spread some misinformation for the government. It's hard not to feel a little hopeless with furlough coming to an end and Brexit on the horizon.
August 12, 20204 yr It'll be like minus 25 by July You shouldn't apply for a job at the Bank of England any time with that prediction Steve, far too accurate! The scale of the fall was expected, the crucial period will be the next 6-12 months to see how fast we can recover the loss, and perhaps more importantly whether we suffer further losses from the move from the transition period in January 2021.
February 5, 20214 yr @1357639706905829376 It's going to be interesting to follow this over the next few years. Do we expect everyone to come flooding back when service and office jobs are needed? How is the housing market looking? I certainly didn't expect to leave London (or the UK), but Brexit and Covid combined were the perfect concoction.
February 5, 20214 yr @1357639706905829376 It's going to be interesting to follow this over the next few years. Do we expect everyone to come flooding back when service and office jobs are needed? How is the housing market looking? I certainly didn't expect to leave London (or the UK), but Brexit and Covid combined were the perfect concoction. I can see a lot of people coming back once the service sector is back up and running. Although it'll likely be a couple years before tourism returns to London at the levels seen before the pandemic. I'm hoping with less offices being needed that a lot of them may be converted to housing. However, I doubt it'll have much impact on house prices in London unfortuantely. A lot of investors will just keep their housing stock until demand comes back/prices increase. Rents have been falling recently though, but again I can't see that lasting long.
February 5, 20214 yr I never understood why people flocked to London in the first place to be honest. Manchester is a much more liveable city with the majority of the benefits. And if you really want a capital, pre-Brexit there was plenty of chances to live in Paris, Madrid, Berlin, Prague, Stockholm etc. Where did you end up brexiting to Blacksquare?
February 7, 20214 yr https://www.theguardian.com/politics/2021/f...obox=1612645802 Hmmm here's a thing. Either Road Hauliers are lying - though not quite sure what their motivation to lie would be - or Michael Gove is lying. I know what his motivation is: "Brexit will be an enormous success and we don't need to listen to experts and project Fear"
February 23, 20214 yr I never understood why people flocked to London in the first place to be honest. Manchester is a much more liveable city with the majority of the benefits. And if you really want a capital, pre-Brexit there was plenty of chances to live in Paris, Madrid, Berlin, Prague, Stockholm etc. Where did you end up brexiting to Blacksquare? Copenhagen! I wanted a healthier work-life balance, being in London during lockdown made me utterly miserable, and fortunately have a lot of business here and in Stockholm. I'm happier with the idea of London just being somewhere I go to for work... Edited February 23, 20214 yr by blacksquare
February 23, 20214 yr Aaah that’s amazing! Copenhagen is a great city!! How have you found settling in with the lockdown restrictions I can understand why you’ve made that decision. Work/Life balance was a major driver in Berlin for me (the other being it’s where I had an inter-network job offer from) as well. Lockdown means it’s not exactly gone to plan but zero regrets.
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