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Post by bancroft on Jun 1, 2023 10:43:58 GMT
Interesting that Germany is in a recession ( Germany is in the EU ), and the UK is not in a recession ( the UK is not in the EU ). France is not in recession, neither is Poland, Italy, Ireland, Spain, Malta, Estonia, Lithuania, Sweden, Latvia, Bulgaria, Cyprus, Hungary or Romania. ( all are in the EU ). [published at noon today] .... Moody's predicts 'mild recessions' in the US, UK, and Germany, Rating agency Moody’s has predicted there will be “mild recessions” in the US, UK, and Germany. In a new report, Moody’s warns that tight financing conditions will lead to “a downshift” in global economic growth in the second half of this year, and also slow the recovery in 2024. Moody’s predicts that the UK economy will contract by 0.1% this year, as the economy suffers from rising prices and high interest rates. They predict that the Bank of England will raise interest rates by another quarter of one percent, to 4.75%, and keep monetary policy tight over the coming years, hitting spending and investment. Germany is the economic power-house of the EU, if still in recession this time next year then I would expect it to spread to other EU nations. Though a year can be a long time in politics, just recall Liz Truss. |
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Post by Deleted on Jun 1, 2023 10:45:19 GMT
It seems that that's the plan to force down inflation -- raise interest rate, reduce spending, reduce demand & consumption. The Chance has already said that he supports another interest rate hike. I wonder, though, if the UK would be labelled as another "sick man of Europe" if it were to enter recession by the end of the year as predicted. Predictions and remainers don't mix. You should have learned that lesson years ago. Yawn. Vacuous comment. No substance at all. |
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Post by patman post on Jun 1, 2023 14:06:14 GMT
Interesting that Germany is in a recession ( Germany is in the EU ), and the UK is not in a recession ( the UK is not in the EU ). France is not in recession, neither is Poland, Italy, Ireland, Spain, Malta, Estonia, Lithuania, Sweden, Latvia, Bulgaria, Cyprus, Hungary or Romania. ( all are in the EU ). [published at noon today] .... Moody's predicts 'mild recessions' in the US, UK, and Germany, Rating agency Moody’s has predicted there will be “mild recessions” in the US, UK, and Germany. In a new report, Moody’s warns that tight financing conditions will lead to “a downshift” in global economic growth in the second half of this year, and also slow the recovery in 2024. Moody’s predicts that the UK economy will contract by 0.1% this year, as the economy suffers from rising prices and high interest rates. They predict that the Bank of England will raise interest rates by another quarter of one percent, to 4.75%, and keep monetary policy tight over the coming years, hitting spending and investment. Germany is the economic power-house of the EU, if still in recession this time next year then I would expect it to spread to other EU nations. Though a year can be a long time in politics, just recall Liz Truss.Let's not !!!
Let her fester in oblivion along with the other dishonest and useless party members who have put the UK into its current position of shelling out billions in interest payments on borrowings every month...
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Post by Pacifico on Jun 1, 2023 17:10:13 GMT
Germany is the economic power-house of the EU, if still in recession this time next year then I would expect it to spread to other EU nations. Though a year can be a long time in politics, just recall Liz Truss.Let's not !!!
Let her fester in oblivion along with the other dishonest and useless party members who have put the UK into its current position of shelling out billions in interest payments on borrowings every month...
Yet here we are with Liz Truss having been proven correct..  |
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