Uk in Recession.

Hi

It was to be expected, but we have the worst fall in the G7.


https://news.sky.com/story/coronavir...eated-12047575

Much as I dislike Boris and Co, I would not like to try and sort this out.

Re: Uk in Recession.

Said at the start of this crisis, being service industry based, this economy would always be more difficult to resuscitate than a manufacturing one, it may be time to go back to basics, if that is at all possible.

Re: Uk in Recession.

So who can we hold responsible for this?

The government?
The Chinese?
Covidiots?

Have I missed someone out?

Re: Uk in Recession.

A recession is merely two consecutive quarters of negative growth, it is quite possible that this will turn into a depression (two years of negative growth).

Australia hasn't had a recession for 30 years but things are looking dire now.

Re: Uk in Recession.

As you say Swimmy, only to be expected, if people stay at home
then eventually the economy will suffer?
What was not expected was the the reluctance of quite large
numbers of workers and worker unions to resume work again?
I see no reason for this tardiness as the precentage of deaths
among the under seventies is negligible , and so even if they
contract corona they will not suffer any lasting effects from it?
The over seventies have only to carry on following the advice they
have been for the past few months untill things stabilize!!
Just my take on this issue? I might add that l am well into my
eighties and so cannot be accused of bias in any direction !!

Donkeyman! 😇😇

Re: Uk in Recession.

Well, like anything else, it is just a combination of events, when industry is out sourced and replaced with services, the last thing you would want is a pandemic, its one of the risks.

Re: Uk in Recession.

Hi

An act of Nature, every country has been affected, some considerably more than others.

It is a national problem, I was hoping that that both parties would work together on this one in the best interests of all.

I was very disappointed this morning with the Shadow Chancellor.

More interested in slagging off the Government than saying anything constructive.

Re: Uk in Recession.

Well if the Government had been more proactive right at the start, closing borders and imposing lockdown earlier we wouldn't be in such dire straits now. Instead we are in the grips of a "one step forward two steps back" policy. Yes I agree Swim that there is too much arguing and not enough working together but then headless chickens don't tend to be sensible.

Re: Uk in Recession.

I can well understand this.

There must inevitably be a proportion who see being paid regularly for staying at home and doing nothing as really quite attractive!

On the other hand, I'd like to think that many others would like to get back to work as quickly as possible. That could only be done if the government and the businesses involved could work together to allow things to happen.

As you say, the vast majority of people of working ages are, going by the figures available, pretty safe from serious consequences of the contraction of Covid-19. Many, in fact, are said to be completely unaware of its presence in their systems.

If other countries can fare better than we are doing, why shouldn't we do the same as they?

Re: Uk in Recession.

They shouldn't have listened to the lies from the CCP and the WHO. If they had done what Cummings told the government in the first place we would have locked down sooner.