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So we’re officially in a recession on 07:27 - Aug 12 by Fixed_It
And no-one will be able to blame Brexit.
To be fair we were warned brexit would lead to a recession and only 8 months after we are in one 😉. I wouldn’t bet against it playing it’s part, no matter how small.
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So we’re officially in a recession on 07:43 - Aug 12 with 2775 views
So we’re officially in a recession on 07:30 - Aug 12 by Herbivore
I honestly don't think the fact we're now officially in a recession - along with the rest of the world - really matters all that much at this point.
We also dropped January to March before any talk of coronavirus I believe. Our is apparently worse than the rest of the G7 because of lockdown being so haphazard.
So we’re officially in a recession on 08:07 - Aug 12 by Mullet
We also dropped January to March before any talk of coronavirus I believe. Our is apparently worse than the rest of the G7 because of lockdown being so haphazard.
That’s the big worry.
The scale of our drop is indeed very worrying. First quarter included a couple of weeks of lockdown (or a week of sort of maybe don't go out and a week of actual lockdown) so there was some impact I think. The quarter before that though I seem to recall there was no growth so it's quite possible a recession was imminent even without Covid. We're going to be in one for a very long time, Brexit will see to that.
So we’re officially in a recession on 08:07 - Aug 12 by Mullet
We also dropped January to March before any talk of coronavirus I believe. Our is apparently worse than the rest of the G7 because of lockdown being so haphazard.
That’s the big worry.
The first UK coronavirus case was in Jan.
Although we were in lockdown in Q1, Covid was very much on the horizon.
Not saying there weren't any underlying economic issues, but Its wrong to say there was no talk of Covid.
So we’re officially in a recession on 08:11 - Aug 12 by Herbivore
The scale of our drop is indeed very worrying. First quarter included a couple of weeks of lockdown (or a week of sort of maybe don't go out and a week of actual lockdown) so there was some impact I think. The quarter before that though I seem to recall there was no growth so it's quite possible a recession was imminent even without Covid. We're going to be in one for a very long time, Brexit will see to that.
I guess the technical recession (by definition) could be short lived, as the last two quarters saw such an unprecedented drop. It's hard to see two more quarters worse than that.
So we’re officially in a recession on 08:22 - Aug 12 by Marshalls_Mullet
I guess the technical recession (by definition) could be short lived, as the last two quarters saw such an unprecedented drop. It's hard to see two more quarters worse than that.
Although the impact will be long lasting.
The recovery started in June. We need it to continue.
UK’s GDP hit was huge in Q2; our H1 fall about double that of America’s. But it’s untrue to say UK is officially in recession. We *were* in recession - the sharpest drop ever recorded - but the recovery started in June (see graph below). All depends on what happens now. pic.twitter.com/8SpuwKAzT1
So we’re officially in a recession on 08:18 - Aug 12 by Marshalls_Mullet
The first UK coronavirus case was in Jan.
Although we were in lockdown in Q1, Covid was very much on the horizon.
Not saying there weren't any underlying economic issues, but Its wrong to say there was no talk of Covid.
There was no talk of this level of economic impact at all. That’s not honest in any way. Most people including the government were not taking it seriously at all in January.
So we’re officially in a recession on 08:31 - Aug 12 by Mullet
There was no talk of this level of economic impact at all. That’s not honest in any way. Most people including the government were not taking it seriously at all in January.
So we’re officially in a recession on 08:31 - Aug 12 by Mullet
There was no talk of this level of economic impact at all. That’s not honest in any way. Most people including the government were not taking it seriously at all in January.
They were in Feb, and certainly in March.
Italy went into national lockdown in early March, and it was obvious that we would follow suit. We did so in mid March.
Covid 19 was certainly very much talked about in Q1.
So we’re officially in a recession on 08:50 - Aug 12 by Marshalls_Mullet
They were in Feb, and certainly in March.
Italy went into national lockdown in early March, and it was obvious that we would follow suit. We did so in mid March.
Covid 19 was certainly very much talked about in Q1.
How much impact would the tail end (at best given we’ve moved from January and as TWood shows at the beginning of March the government were shaking hands etc) do you think that had on the economy?
So we’re officially in a recession on 08:52 - Aug 12 by Mullet
How much impact would the tail end (at best given we’ve moved from January and as TWood shows at the beginning of March the government were shaking hands etc) do you think that had on the economy?
We locked down on the 23rd of March didn’t we?
It would have had an impact, there was global uncertainty in March and that impacts on any economy.
It was certainly not true to say there 'was no talk of coronovirus' in Q1.
I was due to complete a deal in early March and my client pulled out due to uncertainty, and other companies would have been making similar decisions.
So we’re officially in a recession on 08:57 - Aug 12 by Mullet
But how much? Given we locked down with a week to go?
It’s a good job I clearly stated January at the end of the post and you keep ignoring that eh?
Over a 13 week period even 1 week of lots of businesses essentially shutting down would impact on GDP for that quarter, especially as growth was looking fairly flat anyway.
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