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About LinkBacksGNP down 4.9%, GDP unchanged
GNP down 4.9%, GDP unchanged
Last edited by BodyofEvidence; 18th December 2008 at 11:55 AM. Reason: typo
What other countries have had similar results?
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Originally Posted by Fr. Hank Tree
If anybody mentions Iceland...
*gets shakin stick ready*
A poster of some consequence...
Yeah think we are by far the worst other than the unmentionable- certainly in the OECD.
Other countries in a bad way are forecasting slight growth for 2008 0-1% and on average -1 to 1%.
We are hopelessly outside this range.
We are "they"
Get real lads. This is feckin dire....but not as bad as "the northern country"
FF have truly screwed up the economy in an awsome, almost admirably apocolyptic, way
As George Lee pointed out on the radio, this happened BEFORE Lehman Brothers collapsed.
Thus, it has effectively blown FF's spin that this recession is down to external global factors and the credit crunch out of the water.
Last edited by Fr. Hank Tree; 18th December 2008 at 01:58 PM.
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Anyone going to dispute the prediction I made some months ago that GNP will decline 10% over the 2008-10 period? And that is one of the accepted definitions of a depression.
Given the % of the economy that was based around construction, I don't see why this is shocking.
I mean, if anything 4.9% retraction is possibly pretty good considering just how much we had riding on the builders!
The next worst is Latvian GDP, down 4.2% Q3 y-o-y. But Latvia and Estonia aside, we're way out there on a limb.
Link: http://epp.eurostat.ec.europa.eu/pls...08-EN-AP_0.PDF
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