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Thread: GDP and GNP both decline, seasonally adjusted

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    Politics.ie Member Dreaded_Estate's Avatar
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    Default GDP and GNP both decline, seasonally adjusted

    http://www.cso.ie/releasespublicatio...urrent/qna.pdf

    Initial estimates for the second quarter of 2010 show a decrease, on a seasonally adjusted basis, of 1.2 per cent in GDP and a fall of 0.3 per cent in GNP compared with the previous quarter. In quarter 1 there was an increase of 2.2 per cent in GDP and a decrease of 1.2 per cent in GNP compared to Quarter 4 ‘09. In comparison with the corresponding quarter of last year, GDP in constant prices was 1.8 per cent lower while GNP was 4.1 per cent lower.

  2. #2

    Default GNP Q2 2010 falls 6.2% YoY in Current Prices

    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    But but but

    see my signature
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Default Q2 2010 - gdp -1.2 % gnp -0.3%

    http://www.cso.ie/releasespublicatio...urrent/qna.pdf

    Technically heading back to recession


    In reality we vnever left

    How will FF spin this?
    We need to radically change every system that has enabled the wholesale destruction of the Irish landscape, rural and urban. There is no time for incremental step by step measures. The systems have failed utterly and the only hope for a real recovery requires the rule book to be torn up completely.

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    no surprise:

    Capital investment, in constant prices, declined by 19.9 per cent in Q2 2010
    compared with Q2 2009.
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Politics.ie Member HarshBuzz's Avatar
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    the Great Irish Depression continues

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    I thought we were in the midst of 1-2% growth.

    Again the people have been lied to and mislead.

    This is a great depression and with the IMF on the way in how can things possibly get any better.

    I just hope Biffo and all those over paid state agencies devised a plan to create 500,000 jobs yesterday!

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    Default That will have an effect on the sacred debt to gdp ratio

    That will have an effect on the sacred debt to gdp ratio

    Watch this impact on the bond markets

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    Quote Originally Posted by Tommythecommy View Post
    That will have an effect on the sacred debt to gdp ratio

    Watch this impact on the bond markets
    There was obviously a leak of this news this morning as the bond yields jumped about an hour ago.

    The Financial system isn't rigged at all!

    FYI - Look at the piece on zerohedge about Bill Gross of Pimco to understand just how rigged the whole thing is

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    I thought the economy was growing? Lenihan said last week everything was ok.

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