The double-dong dip awaits us…

So, in Q4, with all the feverish Xmas buying, the rush to buy tat before VAT returned to 17.5% AND an unseasonal upswing on property purchases, partly due to the end of the stamp duty holiday for buyers of matchboxes, the economy grew by – are you sitting down?

0.1%

Nought. Point. One. Poxy. Percent.

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The 0.1 per cent growth in Gross Domestic Product (GDP) was much smaller than the 0.4 per cent widely expected, fuelling fears that a further “double dip” slip back into recession could be around the corner.

No. Shit.

Once again, I ask a simple question:

How come it takes 2 successive quarters of negative growth to enter recession, but only one quarter of growth to come out of it?

Call an election Gordon. Right fucking now.

AJ

P.S. As someone who, in Q4, bought a new car, a new TV, a PS3, and various woman related trinkets, you can’t say I’ve not done MY bit, you shitheads.

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About Al Jahom
Anti-social malcontent, misanthrope and miserable git.

3 Responses to The double-dong dip awaits us…

  1. PS3 ? ppft, should have got a 360 and a Wii ;-)

  2. Pingback: The recession is over (well sort of) at Ethical Companies – The Blog

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