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Economy Watch
Posted: 24 Dec 2014, 04:59
by 3rdRock
http://www.theguardian.com/business/201 ... eficit-ons
Blows for Osborne as growth revised down and current account deficit soars
ONS says UK economy did less well than initially thought, reducing annual growth rate to third quarter from 3% to 2.6%
Meanwhile, across the pond:
http://www.theguardian.com/business/201 ... uarter-gdp
US economy posts strongest growth in 11 years
Commerce Department revised up its GDP growth estimate to 5%, citing stronger consumer and business spending that it had previously factored in
http://www.bbc.co.uk/news/business-30591560
The Dow Jones has closed above 18,000 for the first time after figures showed the US economy grew at its fastest rate in 11 years in the third quarter.
Posted: 24 Dec 2014, 09:01
by 3rdRock
http://i100.independent.co.uk/article/w ... xJTAYLfhYl
Why we’re still feeling economic pain despite the 'recovery', in 7 charts
also
http://i100.independent.co.uk/article/a ... xJXZxK3tOx
Six charts George Osborne doesn't want you to see
Re: Economy Watch
Posted: 24 Dec 2014, 14:12
by raspberry-blower
Shortfall wrote:
Meanwhile, across the pond:
http://www.theguardian.com/business/201 ... uarter-gdp
US economy posts strongest growth in 11 years
Commerce Department revised up its GDP growth estimate to 5%, citing stronger consumer and business spending that it had previously factored in
http://www.bbc.co.uk/news/business-30591560
The Dow Jones has closed above 18,000 for the first time after figures showed the US economy grew at its fastest rate in 11 years in the third quarter.
About that surge in Q3
In a word: Obamacare
Posted: 28 Aug 2015, 13:40
by PS_RalphW
UK GDP per capita finally returns to pre-2008 recession levels.
https://twitter.com/jamestplunkett/stat ... wsrc%5Etfw
However, the massive increase in inequality means that the vast majority are still worse off in real terms....
Posted: 28 Aug 2015, 14:12
by AutomaticEarth
Yes. Lots of people I know had 'good jobs' pre 2008. They have jobs now, but paying much less than they were earning previously. I call that wage/capital destruction ie deflation.....
Posted: 29 Aug 2015, 10:39
by Mark
AutomaticEarth wrote:Yes. Lots of people I know had 'good jobs' pre 2008. They have jobs now, but paying much less than they were earning previously. I call that wage/capital destruction ie deflation.....
Depends what people do......
Scientific/Engineering jobs very buoyant at the mo.....
Are the people you know in the Financial/Services sectors ?
Posted: 29 Aug 2015, 11:54
by AutomaticEarth
Mark wrote:AutomaticEarth wrote:Yes. Lots of people I know had 'good jobs' pre 2008. They have jobs now, but paying much less than they were earning previously. I call that wage/capital destruction ie deflation.....
Depends what people do......
Scientific/Engineering jobs very buoyant at the mo.....
Are the people you know in the Financial/Services sectors ?
Agree with you on the Sci/Eng sector being bouyant. IT also (well, certain parts of it).
The people that I've seen mainly affected were in the construction sector (which got hit really bad), and mainly the services sector. Most were able to get re-employed fairly quickly, but a fair few are earning quite a bit less than they did before 2008.