Totally unexpected and not at all predicted. Quite a shock really. One more quarterly dip and the UK will be officially in recession.
And now we have a no deal Brexit to look forward to. Joy.
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And now we have a no deal Brexit to look forward to. Joy.
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Bodd
On the other hand, I wouldn’t take it for granted that next quarter’s UK growth figures will be negative. Another figure published this week but much less reported was the IHS/Markit Purchasing Managers’ Index (PMI) for the UK services sector in July. This is a forward-looking measure of confidence which, as the ONS notes in its release this morning, has run very closely ahead of the ONS’s figures – what shows up in the PMI tends to be reflected in ONS statistics a month later.
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Bodd
On the other hand, I wouldn’t take it for granted that next quarter’s UK growth figures will be negative. Another figure published this week but much less reported was the IHS/Markit Purchasing Managers’ Index (PMI) for the UK services sector in July. This is a forward-looking measure of confidence which, as the ONS notes in its release this morning, has run very closely ahead of the ONS’s figures – what shows up in the PMI tends to be reflected in ONS statistics a month later.
The spectator
The spectator
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Bodd
The PMI for services in June was 50.2 – where anything over 50 denotes expansion and anything under 50 contraction. For July, however, it came in at 51.4 per cent, which indicates a pick-up in services. We ought, in other words, to expect GDP in services to expand when the next ONS figures are published – which could well keep us out of recession.
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Bodd
The entire global economy may be heading for recession, which wouldn’t be surprising. Recessions seem to be a pretty inevitable part of our economic system, and have tended to occur every few years as a result of cycles of production and consumption. It might be said the global economy is due a recession, having not suffered one for a decade.
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJpCmGTY
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJpCmGTY
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Bodd
But these latest figures aren’t necessarily to do with Brexit. For one thing, growth across the EU has slumped. By the time that the next UK quarterly figures are published in November, Germany and Italy may well be in recession. Italy has already had a recession, in the latter half of last year; Germany very nearly suffered the same fate, with two quarters of zero growth.
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJpi8o30
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJpi8o30
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Bodd
The entire global economy may be heading for recession, which wouldn’t be surprising. Recessions seem to be a pretty inevitable part of our economic system, and have tended to occur every few years as a result of cycles of production and consumption. It might be said the global economy is due a recession, having not suffered one for a decade.
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJqodNrI
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/page-7#ixzz5wJqodNrI
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Bodd
The word Global was used a few times.
More IMPORTANT Germany and recession was mentioned
More IMPORTANT Germany and recession was mentioned
No one took it for granted the latest quarterly figures would be negative. Given how upbeat the Tory spin machine has been of late, it came quite unexpectedly.
More squirming from troll boddggdd
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Wtf
Your link backs nothing. My god what a dumb fool.
You are so wrong its unbelieavable.
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Bodd
try and get a grip Noseall
He gripped it OK. Then like the economy it goes up and down..
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Its truly astonishing they dismiss facts and reports as fake. The IMF report on GDP figures is fake....I wonder where they get theit figures from.
The they put forward wild crackpot theories and say thats the truth.
These guys are beyond saving.
Ross Clark, The Spectator
Its paywalled so I cant the whole article.
https://blogs.spectator.co.uk/2019/08/is-britain-really-heading-for-a-brexit-recession/
Of course that article is somewhat in the minority
https://www.standard.co.uk/news/uk/...-brexit-leading-economists-warn-a4195331.html
https://www.pwc.co.uk/services/economics-policy/insights/uk-economic-outlook.html
https://uk.reuters.com/article/us-b...head-of-brexit-first-since-2012-idUKKCN1UZ0RS
https://www.independent.co.uk/news/...onomy-gdp-euro-zone-spain-italy-a9050461.html
https://www.newstatesman.com/politi...r-economic-recession-far-weaker-position-2008
https://www.ft.com/content/2e8ae1d2-9cc9-11e9-9c06-a4640c9feebb
https://metro.co.uk/2019/07/03/uk-heading-brexit-induced-recession-fears-grow-no-deal-10108510/
https://www.newstatesman.com/politics/economy/2019/08/would-no-deal-brexit-cause-recession
https://www.theguardian.com/business/2019/aug/09/uk-economy-contracts-on-back-of-brexit-uncertainty
https://www.aljazeera.com/ajimpact/...omy-contracts-pre-brexit-190809103819690.html
https://www.dailymail.co.uk/news/article-7259101/Britain-fall-recession-No-Deal-Brexit.html
https://www.telegraph.co.uk/busines...-21pc-discount-market-spooked-no-deal-brexit/
Read more: https://www.diynot.com/diy/threads/recession-the-chinese-renminbi.527483/#ixzz5wK6RCCfp
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