Tuesday, 25 January 2011

Will 4th Qtr GDP go negative?

I'm not going to stick my neck out, but there's always the chance that 4th Qtr GDP when announced in a few hours could have slipped to -0.1%. Just saying. 

4 comments:

Jeff Wood said...

-0.5pc according to the Graph.

Well done on getting the sign right.

English Pensioner said...

I have never quite understood the belief that growth can go on for ever, there must come an end one day, if not in our lifetime. Much of the growth is illusory; take a company like Tesco. It may be growing, but it is largely as a result of taking over existing markets, which may be growth to them, but not to the country. Yes, it may sell us a bit of extra food we don't really need, but this won't offer long term growth.
I'm most definitely not a Green, but personally I'd prefer near zero growth and a stable environment.

Anonymous said...

English Pensioner.
A steady state economy is fine if nothing else changed. But everything changes all the time. Demographics, technology advances, population growth, etc etc. Your needs and values change over your lifetime.

Anonymous said...

And lets not forget Inflation, which knaws away at savings, people's buying power etc...