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What measure is used to say we're out of recession?

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  • 03-11-2009 10:15am
    #1
    mathie
    Registered Users Posts: 5,102 ✭✭✭


    How do we know if we're in our out of recession?
    Is there something the CSO issues?

    Thanks
    M


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    #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    two quarters of positive growth ( above 0% )


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    #3
    mathie
    Registered Users Posts: 5,102 ✭✭✭mathie


    Thanks

    Any idea where I'd find links to that data?


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    #4
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    if it happens well surely hear about it


    im not sure who does the measuring, more than likely its CSO


    not that its easy to trust GDP figures since they can be easily manipulated by creative accounting and distortions


    a better indicator of recession being over would be reversal in unemployment


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    #5
    erictheviking
    Closed Accounts Posts: 102 ✭✭erictheviking


    The Moan Factor is a good indicator. People whinge, bitch and begrudge far more during a recession:)


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    #6
    ceret
    Registered Users Posts: 189 ✭✭ceret


    mathie wrote: »
    Thanks

    Any idea where I'd find links to that data?

    The Central Statistics Office is what you want.
    Here is the 'National Accounts': http://www.cso.ie/statistics/nationalingp.htm


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    #7
    Fat_Fingers
    Registered Users Posts: 1,237 ✭✭✭Fat_Fingers


    I will be out of recession once i can afford to take my wife out for a meal.


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