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UK to join Germany and France as next economy out of recession..

  • 24-08-2009 4:40pm
    #1
    zod
    Closed Accounts Posts: 2,025 ✭✭✭


    http://www.irishtimes.com/newspaper/breaking/2009/0824/breaking19.htm

    The survey found “a remarkable upturn” in confidence in the banking sector in particular, given the impact of the financial crisis on most institutions.
    Positive signs on the housing market have also helped boost optimism for property firms.


Comments

  • #2
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    Detailed Q2: 2009 QNA GDP figures haven't even been released for the U.K., though. I'd like to see where this projected growth is supposed to come from; I'm guessing a bump in PCE volumes and GFCF. That said, Q2 GDP might be revised up this week from the last estimate of -0.8%.

    Here's a quick graph on the headline q/q GDP growth rates for different countries.
    GDPGrowthQ209.jpg


  • #3
    silverharp
    Registered Users, Registered Users 2 Posts: 18,612 ✭✭✭✭silverharp


    I'm curious why the Baltic dry index is faltering since the summer

    bdi.jpg

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #4
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    silverharp wrote: »
    I'm curious why the Baltic dry index is faltering since the summer
    China et al. full on raw materials? An increase in fleet underutilisation with oil tankers being converted to bulk carriers and backlogged ship orders being completed? The BDI went a bit crazy in '08, though; it's back to early 2006 numbers.


  • #5
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    Économiste Monétaire wrote: »
    That said, Q2 GDP might be revised up this week from the last estimate of -0.8%.
    Q2 GDP numbers for the U.K. were revised today, up from the last estimate of -0.8%, to -0.7%. Every little helps... :pac:

    http://www.statistics.gov.uk/cci/nugget.asp?id=192


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