The "coalition cuts" megathread

[truconstruct]

Why shouldn't it be?

 

What a great union leader you'd make.

[Wildcat]

What you bin smokin?

 

What makes you doubt the World Economic Forum's report?

[truconstruct]

Sweden

GDP growth -4.6% (2009 est.)

GDP per capita $36,800 (2009 est.)

GDP by sector agriculture: 1.6%, industry: 26.6%, services: 71.8% (2009 est.)

[truconstruct]

This is the UK

 

GDP growth 3.1% (OECD) 2010

GDP per capita $43,785 (2008 est. nom.)[1] (20th)

GDP by sector agriculture (1%), industry (23%), services (76%) (2008 est.)

[truconstruct]

The per capita number is the most important, the less it is the less can be 'recovered' by tax, so the harder it it to get out of debt.

[Wildcat]

GDP growth -4.6% (2009 est.)

GDP per capita $36,800 (2009 est.)

GDP by sector agriculture: 1.6%, industry: 26.6%, services: 71.8% (2009 est.)

 

For Sweden?

 

So what? There was a global recession a contraction of -4.6% was not unusual.

 

Once the bubble burst and the world economy went down, the Nordics, with their high dependence on exports of investment goods and consumer durables, were particularly hard hit (with the exception of oil-rich Norway). Their GDP in 2009 declined at rates between 4.5% and 7%.

 

While the sharpness of the global downturn was a surprise, so was the early stabilisation, which started around the middle of 2009. At this point the recession has been declared over in many countries and a recovery – though weak and hesitant – seems to be underway. There is little doubt of the explanation; policies matter. Authorities have demonstrated an unprecedented activism in monetary and fiscal policy as well as inventiveness in financial crisis management. While the world escaped a repetition of the Great Depression, the crisis has nevertheless left a legacy of difficult issues and challenges.

 

The Nordics are vulnerable but also resilient. While Iceland is a case of its own, we believe that the Nordics have the capacity to recover and to continue combining economic efficiency with high social ambitions.

 

 

http://www.voxeu.org/index.php?q=node/4585

[truconstruct]

If the sweeds hadn't done a deal with china in 2008 to sell iron ore on the cheap off book, they'ed be in the ****tter as we speak.

[truconstruct]

This is why I assumed you meant Denmark, look at the per capita figure.

 

GDP growth -4.3% (2009 est.)

GDP per capita $62,097 (2008 est.)

GDP by sector agriculture: 4.6%; industry: 30.7%; services: 64.7% (2009 est.)

[truconstruct]

That's all clap trap, its number that count not spin.

[Wildcat]

The per capita number is the most important, the less it is the less can be 'recovered' by tax, so the harder it it to get out of debt.

 

The number you have quoted seems high.

 

Whatever point you think you are making is unmade.