tag:blogger.com,1999:blog-8817171247555815363.post3453597445627668881..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 13/8/2013: UK Great RecessionTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8817171247555815363.post-33639764321458208642013-10-15T08:16:26.777+01:002013-10-15T08:16:26.777+01:00I don't think we're too far away from the ...I don't think we're too far away from the yellow 1973-76 line becoming the green 1979-83 line, which would be either morbidly amusing or distorting, depending on how you view it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-1911117439575258272013-08-13T17:03:22.749+01:002013-08-13T17:03:22.749+01:00If you do a regression on UK GDP since 2010 it rea...If you do a regression on UK GDP since 2010 it reaches the same level as 2007 in 2018 - 30 months from now. So we stand a good chance of doubling the previous record.<br /><br />At that point we'll be 21% below the trend line drawn through GDP from 1955-2007. <br /><br />And at present private sector debt seems to be rising again - priming the economy for another technical recession. Mind you, if the ONS had not changed the way they <a href="http://moderndebtjubilee.blogspot.co.uk/2013/07/did-we-really-avoid-double-dip-recession.html" rel="nofollow">adjust GDP for inflation</a> in 2011 we'd have gone into recession in 2011 and still be in one. <br /><br />Jayaravahttps://www.blogger.com/profile/13783922534271559030noreply@blogger.com