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The U.K has officially entered recession


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Posted (edited)
49 minutes ago, Vixen Eyes said:

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i would say the empty quote box is what went wrong here ("here" being the OP)

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OT, im not from or in the UK so i dont know whats going on over there to give any kind of insight

For anyone who missed that :
 

The ONS estimates that UK GDP increased by a meagre 0.1% in 2023. That’s the worst performance since 2009 when the economy was still reeling from the global financial crisis, if 2020, which was affected by the pandemic, is excluded. Last year’s weak rise in output follows growth of 4.3% in 2022.

 

 

Edited by brraap
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Posted
7 minutes ago, chaeyonce said:

The US economy is doing amazing in comparaison 

 

Depends on who you are. It looks good but, companies are slimming down at a rapid rate. Great for their bottom line, not so much for their workers. Also, the commercial real estate market is teetering on a disaster that will make 2008 housing market crash look like small market correction.

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Posted

I love UK, travel there everytime I can, but it feels more and more like it's a rich mans country, no room for the poor. Everything is sooo expensive

Posted
1 hour ago, Gwendolyn said:

is the rest of the world heading to recession? It starting to feel like 2008

The US is not doing bad.  There is a slowing of many economies right now as governments address inflation, but the UK seems to be doing worse than peer countries. 

Posted

I heard training season was over though

 

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Posted

does no one in the government play cities skylines ? 

  • Haha 5
Posted
12 minutes ago, Archetype said:

The US economy has been outperforming most of the world and beating economic predictions consistently during Biden's term.  High inflation sucks for everyone, but we are not in a recession nor are we predicted to get anywhere close to one.  Biden doesn't need to do anything to prove what is already accessible to anyone who wants to check.  The UK and parts of Europe are in a unique situation due to Brexit and the Russian invasion of Ukraine.

No girl the economy is not good people are losing there jobs and inflation killing people very hard in certain states. Just because we are not in a recession doesn’t mean the economy is doing well.  Inflation can be equally destroying economy. There is entire reports coming out this year already that the average American can’t afford buying average priced American homes anymore and that inflation is felt very hard on groceries. 

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Posted

Taylor swift should help get the UK out of a recession with her economic boosting tour this summer :coffee:

Posted
6 minutes ago, May said:

does no one in the government play cities skylines ? 

They've been playing it with the infinite money mod. That's the problem. 

  • Haha 2
Posted

Councils/cities bankrupting, wages not matching the inflation, impossibility of young people to buy a house, rents rising.... 

 

UK in 2024 :heart:

Posted
1 hour ago, brraap said:

The public didn’t have much choice. Tories refuse to call for a general election despite how much the public pleads (a law they changed so only the sitting prime minister can call for an election, before it was public call) 

 

To be fair, the Tories were the ones who brought in the fixed term parliaments act in the first place. It didn't really work out the way it was intended to

Posted (edited)
2 hours ago, brraap said:

What went wrong? 

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Spoiler

FLOP

 

Edited by alexrex
Posted

 Laughing in EU  :gaycat2:

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Posted

No Corbyn, No prosperity 👏🏼

 

Enjoy the Rishession folks i'm getting outta here

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Posted
37 minutes ago, May said:

does no one in the government play cities skylines ? 

they should have been playing tropico 5 

 

 

Posted
2 hours ago, Distantconstellation said:

Watch Biden get the blame for that too. lol he gets blamed for all world problems when that dude cant even remember what he ate 30 mins ago. 

He doesn’t even get talked about here, get over yourself :rip:

Posted
2 hours ago, brraap said:

 

What went wrong? 

 

He was too focused on virtue signaling and transgender issues I fear! Instead of working on problems affecting real people. 

Posted

Considering we've had non stop hits from Thatcher, Blaire and 14 years of Tories im surprised the country isnt 3rd world at this point.

 

 

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Posted
38 minutes ago, Raptus said:

 Laughing in EU  :gaycat2:

The inflation here is also crazy :deadbanana:

Posted

Capitalism strikes again, I fear.

 

Boom and BUSTED.

 

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Posted
2 hours ago, LadyDiana said:

I love UK, travel there everytime I can, but it feels more and more like it's a rich mans country, no room for the poor. Everything is sooo expensive

You've just described basically any country there is. Do you think poor working class people are out there traveling across the world? Or that they have ever done that? :rip:

 

There are rich and poor people in every country right now. The rich get all the benefits and priviledges while the poor keep everything moving through their hard work. 

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Posted

I HATE IT HERE

Posted

The third UK recession since 2008.

 

Recession act iii

 

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Posted

And labour has no plan to turn things around. Sad.

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Posted
On 2/15/2024 at 12:24 PM, AMIT said:

You've just described basically any country there is. Do you think poor working class people are out there traveling across the world? Or that they have ever done that? :rip:

 

There are rich and poor people in every country right now. The rich get all the benefits and priviledges while the poor keep everything moving through their hard work. 

To be fair flights within Europe can be so cheap that poor working class ppl can actually travel there

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