SWP's back
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- 29 Jun 2009
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Rammy Blue said:SWP's back said:We are NOT in a recession.
Yes we are.
No, we are not.
<a class="postlink" href="http://www.statistics.gov.uk/cci/nugget.asp?id=192" onclick="window.open(this.href);return false;">http://www.statistics.gov.uk/cci/nugget.asp?id=192</a>
GDP is still growing, though the rate of growth is slowing down.
A recession is a downturn in GDP. At present, (Q4 2010), GDP was growing by 1.5%. Therefore, we are not in a recession. We actually emerged from the recession in 2009.
<a class="postlink" href="http://news.bbc.co.uk/1/hi/8479639.stm" onclick="window.open(this.href);return false;">http://news.bbc.co.uk/1/hi/8479639.stm</a>
Happy now?