Receession stalks the Eurozone

[original PM]

Imaginary ferries? Or was that last week?

Interesting that - only 13 million was given to that new company - the rest went to DFDS and Brittany ferries - who guess what ?already have some ferries!

[Old Greg]

Imaginary ferries? Or was that last week?

They can always be paid for with the imaginary £100 million per week rebate money that the UK sends to the EU.

[Mordac]

GDP is also a measure that includes, among other things, government spending. I wonder what our government has been spending a lot of money on recently?

Imaginary ferries? Or was that last week?

[TestMangler]

A growth in all countries, you better pick up a dictionary and learn what recession means

And, indeed, how to f**kin' spell it....

[BlasterBates]

When the UK leaves the EU the lorry drivers don't need to worry about being able to drive their trucks in the EU, they'll simply drive to India instead.

[Eirikur]

Looks like we could just be getting out in time.
In the last quarter of last year the UK grew by 0.6% whilst Germany fell by 0.2%, France grew by 1.4% and Italy fell by 0.1%. that is reflected in a 3rd quart change from last year as
UK +1.5%
D +1.2%
F +1.4%
I +0.7%

Germany still has the lowest unemployment rate and youth unemployment rates of 3.3% and 6.1% respectively, but they are still clearly propping up the rest of the EU.
France's unemployment rates are 8.9% with youth unemployment running at 21.8%

Italy's unemployment rates are 10.5% with youth unemployment running at 31.6%

whilst the UK's unemployment rates are 4.1% with youth unemployment running at 11.4%

A growth in all countries, you better pick up a dictionary and learn what recession means

[BlasterBates]

Germany may have entered a recession temporarily but their factories are still there !

[Old Greg]

UK growth hits six month low as car production goes into reverse
The UK economy grew by 0.3% in the three months to November, down from 0.4% in the three months to October and the weakest in six months.

Growth was driven by the services sector, while manufacturing output fell.

On a monthly basis, GDP rose by 0.2% in November, which was an improvement on October’s 0.1% growth.

Rob Kent-Smith, head of national accounts at the ONS, said:

Growth in the UK economy continued to slow in the three months to November 2018 after performing more strongly through the middle of the year. Accountancy and housebuilding again grew but a number of other areas were sluggish.

Manufacturing saw a steep decline, with car production and the often-erratic pharmaceutical industry both performing poorly.

Just the ticket.

[Old Greg]

+1.5%, in Sterling that lost more that 1.5% in the last couple of months alone

I remember when Zimbabwean GDP went through the roof.

In ZWD terms.

[meridian]

+1.5%, in Sterling that lost more that 1.5% in the last couple of months alone

GDP is also a measure that includes, among other things, government spending. I wonder what our government has been spending a lot of money on recently?

[AtW]

+1.5%, in Sterling that lost more that 1.5% in the last couple of months alone

[stonehenge]

The global economy is looking a little fragile. China is slowing.

10 years since the GFC recession, so we are probably due a downturn.

Whether now is a prudent time to leave the EU only time will tell.

[Yorkie62]

Looks like we could just be getting out in time.
In the last quarter of last year the UK grew by 0.6% whilst Germany fell by 0.2%, France grew by 1.4% and Italy fell by 0.1%. that is reflected in a 3rd quart change from last year as
UK +1.5%
D +1.2%
F +1.4%
I +0.7%

Germany still has the lowest unemployment rate and youth unemployment rates of 3.3% and 6.1% respectively, but they are still clearly propping up the rest of the EU.
France's unemployment rates are 8.9% with youth unemployment running at 21.8%

Italy's unemployment rates are 10.5% with youth unemployment running at 31.6%

whilst the UK's unemployment rates are 4.1% with youth unemployment running at 11.4%