I M F state UK economy to grow by 2%

[Mecky]

There's always an alternative. But I've seen no evidence that an alternative approach would have yielded a better outcome. There are 2 dozen counties in the Eurozone, all of which tried their own alternative approach to the recession. The fact is that several are now bankrupt, several are on the verge of bankrupcy, many are strugling with high premiums because of excess borrowing, most are back in recession, none have growth to match the UK.

 

So tell me about this alternative that you know would have helped our economy more.

 

So how do you feel, that the media, I'm not sure where they got their figures from, last year put the UK economy slighly infront of Portugal and Greece, may have been 20th or 22nd?

[Anna Glypta]

So how do you feel, that the media, I'm not sure where they got their figures from, last year put the UK economy slighly infront of Portugal and Greece, may have been 20th or 22nd?

 

Gordon and Alistair took us a long way down the slippery slope didn't they? So you will agree to be in a position where we are top of the pile re growth from those depths is a good result.

[I1L2T3]

Gordon and Alistair took us a long way down the slippery slope didn't they? So you will agree to be in a position where we are top of the pile re growth from those depths is a good result.

 

Top of the pile?

[Hillpig]

So how do you feel, that the media, I'm not sure where they got their figures from, last year put the UK economy slighly infront of Portugal and Greece, may have been 20th or 22nd?

 

The Labour party where the party in power when the economy nosedived. You cannot blame the Tories for the present situation.

 

---------- Post added 11-07-2013 at 15:39 ----------

 

Gordon and Alistair took us a long way down the slippery slope didn't they? So you will agree to be in a position where we are top of the pile re growth from those depths is a good result.

 

 

 

You are quite correct, it is by any estimation a good result.

[Anna Glypta]

Top of the pile?

 

If you weren't aware of that why are you bothering to debate at all?

 

 

 

"More economic woes for the #Netherlands as its economy shrinks by 0.1% in the 1st quarter of 2013 making it 1.7% smaller than a year ago"

 

"Italy is now in its longest recession since at least 1970, after its economy shrank again. Italian GDP fell by 0.5% in the first quarter of this year, meaning its economy contracted by 2.3% over the last 12 months.

Italy has now been shrinking for seven quarters in a row -- the longest recession since quarterly records began 43 years ago (according to Reuters)."

 

"German GDP misses forecasts

 

Disappointing GDP data from Germany, which posted growth of just 0.1% in the first quarter of 2013.

 

That's rather weaker than the 0.3% growth expected.

 

The German contraction in the fourth quarter of 2012 has also been revised downwards to -0.7% (from -0.6%).

 

So the eurozone's largest economy has only just struggled back from its winter torpour."

 

"This is the third time France has fallen into recession since the financial crisis began, my colleague Angelique Chrisafis flags up."

"France is officially in recession. The economy shrunk by 0.2% in the first quarter. Today is 1st anniversary of Hollande in power."

 

"Today’s latest Q1 GDP numbers are expected to show that the European economy is far from on the right track as EU leaders continue to argue about the merits or otherwise of banking union while economic growth continues to remain elusive and unemployment continues to explode higher, especially for those under 25."

 

"Austria's economy flatlined in the first three months of 2013. Data just released showed that its GDP was unchanged at 0.0%. That follows a 0.2% decline in the last quarter of 2012."

 

"

 

Gloomy data from the Czech Republic this morning -- GDP shrank by 0.8% in Q1 2013. That follows a 0.2% contraction in Q4 2012.

 

The Czech Republic has now been in recession for more than a year..."

 

"The Dutch economy has contracted again, with GDP falling by 0.1% in the first quarter of this year.

 

The Netherlands entered recession three months ago, with unemployment rising and its housing market bubble having burst.

 

Once one of the strongest-loooking members of the eurozone, the Netherlands is now feeling the full force of the region's decline (there's a good piece on Spiegel here)."

 

"The British economy, for once, is outshining its European neighbours.

 

We learned two weeks ago that UK GDP grew by 0.3% in the first quarter of this year, avoiding another recession. That performance looks even more creditable now, given the economic traumas across the Channel."

 

"

Eurozone recession in full

 

Here's the full details.

 

The eurozone economy shrank by 0.2% in the first three months of this year, as its recession dragged on -- dragged down by contractions in France, Spain, Italy, and the Netherlands.

 

The wider EU economy shrank by 0.1% during the quarter.

 

This follows a 0.6% drop in eurozone GDP in the last quarter of 2012, and a 0.5% fall acoss the EU. So, the pace of decline is slowing.

 

But the data means the the eurozone economy is 1% smaller than a year ago, while EU GDP is 0.7% smaller."

 

"Greece and Cyprus also kept shrinking in the first quarter of the year:

 

Greek GDP (Q1 A) Y/Y -5.3% vs. Exp. -5.3% (Prev. -5.7%)

— Fabrizio Goria (@FGoria) May 15, 2013

 

Cyprus GDP SA (Q1 P) Q/Q -1.3% (Prev. -1.1%, Rev. -1.2%)"

 

"The eurozone has slumped into its longest recession ever, after economic activity across the region fell for the sixth quarter in a row.

 

Economic output across the single currency area fell by 0.2% in the first three months of 2013, statistics body Eurostat reported today (see 10.10am).

 

France, Spain, Italy and the Netherlands all saw their economies shrink as the economic crisis in the eurozone continued to hit its largest economies.

 

Eurostat’s figures showed that the eurozone economy has now contracted by 1% over the last year, putting further pressure on leaders as unemployment climbs to new record highs.

 

The 0.2% contraction in the first quarter of 2012 was an improvement on the 0.6% drop recorded between October and December, but analysts warned that the eurozone’s economic outlook is darkening."

[I1L2T3]

If you weren't aware of that why are you bothering to debate at all?

 

 

 

"More economic woes for the #Netherlands as its economy shrinks by 0.1% in the 1st quarter of 2013 making it 1.7% smaller than a year ago"

 

"Italy is now in its longest recession since at least 1970, after its economy shrank again. Italian GDP fell by 0.5% in the first quarter of this year, meaning its economy contracted by 2.3% over the last 12 months.

Italy has now been shrinking for seven quarters in a row -- the longest recession since quarterly records began 43 years ago (according to Reuters)."

 

"German GDP misses forecasts

 

Disappointing GDP data from Germany, which posted growth of just 0.1% in the first quarter of 2013.

 

That's rather weaker than the 0.3% growth expected.

 

The German contraction in the fourth quarter of 2012 has also been revised downwards to -0.7% (from -0.6%).

 

So the eurozone's largest economy has only just struggled back from its winter torpour."

 

"This is the third time France has fallen into recession since the financial crisis began, my colleague Angelique Chrisafis flags up."

"France is officially in recession. The economy shrunk by 0.2% in the first quarter. Today is 1st anniversary of Hollande in power."

 

"Today’s latest Q1 GDP numbers are expected to show that the European economy is far from on the right track as EU leaders continue to argue about the merits or otherwise of banking union while economic growth continues to remain elusive and unemployment continues to explode higher, especially for those under 25."

 

"Austria's economy flatlined in the first three months of 2013. Data just released showed that its GDP was unchanged at 0.0%. That follows a 0.2% decline in the last quarter of 2012."

 

"

 

Gloomy data from the Czech Republic this morning -- GDP shrank by 0.8% in Q1 2013. That follows a 0.2% contraction in Q4 2012.

 

The Czech Republic has now been in recession for more than a year..."

 

"The Dutch economy has contracted again, with GDP falling by 0.1% in the first quarter of this year.

 

The Netherlands entered recession three months ago, with unemployment rising and its housing market bubble having burst.

 

Once one of the strongest-loooking members of the eurozone, the Netherlands is now feeling the full force of the region's decline (there's a good piece on Spiegel here)."

 

"The British economy, for once, is outshining its European neighbours.

 

We learned two weeks ago that UK GDP grew by 0.3% in the first quarter of this year, avoiding another recession. That performance looks even more creditable now, given the economic traumas across the Channel."

 

"

Eurozone recession in full

 

Here's the full details.

 

The eurozone economy shrank by 0.2% in the first three months of this year, as its recession dragged on -- dragged down by contractions in France, Spain, Italy, and the Netherlands.

 

The wider EU economy shrank by 0.1% during the quarter.

 

This follows a 0.6% drop in eurozone GDP in the last quarter of 2012, and a 0.5% fall acoss the EU. So, the pace of decline is slowing.

 

But the data means the the eurozone economy is 1% smaller than a year ago, while EU GDP is 0.7% smaller."

 

"Greece and Cyprus also kept shrinking in the first quarter of the year:

 

Greek GDP (Q1 A) Y/Y -5.3% vs. Exp. -5.3% (Prev. -5.7%)

— Fabrizio Goria (@FGoria) May 15, 2013

 

Cyprus GDP SA (Q1 P) Q/Q -1.3% (Prev. -1.1%, Rev. -1.2%)"

 

"The eurozone has slumped into its longest recession ever, after economic activity across the region fell for the sixth quarter in a row.

 

Economic output across the single currency area fell by 0.2% in the first three months of 2013, statistics body Eurostat reported today (see 10.10am).

 

France, Spain, Italy and the Netherlands all saw their economies shrink as the economic crisis in the eurozone continued to hit its largest economies.

 

Eurostat’s figures showed that the eurozone economy has now contracted by 1% over the last year, putting further pressure on leaders as unemployment climbs to new record highs.

 

The 0.2% contraction in the first quarter of 2012 was an improvement on the 0.6% drop recorded between October and December, but analysts warned that the eurozone’s economic outlook is darkening."

 

Couple of things:

 

1. How does any of that make us top of the pile?

 

2. Can you provide links for everything you quoted?

[Hillpig]

Couple of things:

 

1. How does any of that make us top of the pile?

 

2. Can you provide links for everything you quoted?

 

 

If you dispute the figures surely you should provide your rebuttal rather than ask the person posting to expand on what seems a perfectly valid statement.

[I1L2T3]

If you dispute the figures surely you should provide your rebuttal rather than ask the person posting to expand on what seems a perfectly valid statement.

 

I'm simply asking for the links that should have been included. What is the problem with that?

 

Once I have the full information and sources I can work through it all and respond fully.

 

And yes I may choose to dispute things that are incorrect, like I did with Anna's claim of 5% UK growth.

[Anna Glypta]

I'm simply asking for the links that should have been included. What is the problem with that?

 

Once I have the full information and sources I can work through it all and respond fully.

 

And yes I may choose to dispute things that are incorrect, like I did with Anna's claim of 5% UK growth.

 

The uk economy has expanded by 5% since 2009 as I stated. If you would like to dispute that please provide the evidence.em

[Mecky]

Gordon and Alistair took us a long way down the slippery slope didn't they? So you will agree to be in a position where we are top of the pile re growth from those depths is a good result.

 

Not Really, as George "Grub Bank" Osborne admitted in that interview what did the rounds a few months back, that it always helps to make things look worse than they are when you're trying to take over the running of the country. Can you tell us why the current government borrowed more money in the first 2.5 years of their term than under 3 whole terms under Labour?

 

---------- Post added 12-07-2013 at 07:27 ----------

 

The Labour party where the party in power when the economy nosedived. You cannot blame the Tories for the present situation.

 

---------- Post added 11-07-2013 at 15:39 ----------

 

 

 

 

You are quite correct, it is by any estimation a good result.

 

The economy nosedived in 2008 for the same reasons that all Western economies did. Since Labour does not control those other countries why is it Labour's fault? From memory because I've not looked it up, there was growth between of around 2-3% during 2008-2010, how do you explain that it is much less now, 0.8% or something?