Recession over. UK to return to growth. Item Club Ernst & Young.

[Riannon]

Britain's double-dip recession is over and the recovery is gathering steam, the Ernst & Young ITEM Club, one of the UK's leading forecasters, has said.

http://www.telegraph.co.uk/finance/economics/9401664/Britains-double-dip-recession-over-and-recovery-on-the-way-Item-Club.html

 

to the ITEM Club, the economy will return to growth over the final six months of the year, boosted by falling inflation and a pick-up in consumer spending.

 

From there, "the recovery could be quicker than expected" as confidence will recover sharply if eurozone leaders deliver on their promises for a banking union and growth pact.

[wednesday1]

..........and the moon is made of green cheese!

[NorthernStar]

The link me sent to:-

Sorry

We cannot find the page you are looking for.

 

..... but I do get the gist, I used to work with a chap who'd come from Ernst & Young and he was a halfwit with silly opinions on stuff too.

[Riannon]

http://www.telegraph.co.uk/finance/economics/9401664/Britains-double-dip-recession-over-and-recovery-on-the-way-Item-Club.html

[mj.scuba]

It's a forecast, probably one of many often at odds in their conclusions. I think most people will be looking at their own wallets, families and situations to gauge how things are going. I'm doubtful there will be much of a recovery any time soon. People are still losing their jobs. Those in jobs still face wage restraint. Housing market still stagnant. High Street sales are down. Where is the consumer confidence going to come from?

[I1L2T3]

If so it would be welcome news.

 

But it doesn't look likely to happen. And the last thing we should be doing is pinning any hopes on a Eurozone recovery.

 

Edit: In April 2012 the Item Club forecast we would avoid a double-dip recession. Weeks later we were officially in a double dip recession. They seem to have a poor track record where forecasting is concerned.

 

http://www.financialriskstoday.com/item_club_uk.php

[rickiethecat]

It's amazing how negative some people can be. Looking at some of these responses it's almost as if some posters actually want us to stay in a recession!

 

It was always going to happen anyway. The nature of a capitalist economy is that it goes in a boom and bust cycle - we'd had the bust years so a boom is bound to be around the corner.

[Mecky]

It's amazing how negative some people can be. Looking at some of these responses it's almost as if some posters actually want us to stay in a recession!

 

It was always going to happen anyway. The nature of a capitalist economy is that it goes in a boom and bust cycle - we'd had the bust years so a boom is bound to be around the corner.

 

Why is it?

[rickiethecat]

Why is it?

 

Because it always has been every time we've had a recession previously.

[HeadingNorth]

 

It was always going to happen anyway. The nature of a capitalist economy is that it goes in a boom and bust cycle - we'd had the bust years so a boom is bound to be around the corner.

 

The nature of good politics is that you save up money during the boom years so that the bad years can be alleviated .... that has not been happening lately, anywhere in the world. There seems to be have been a collective tunnel vision among world leaders since the late 1990s, that we could abolish the cycle and just have a continuous boom... this happened in the late 1920s and in the early 1970s as well, and they're always wrong. Let's hope the next government or two don't fall into the same trap.