Recession to continue to 2010

[armaghniac]

Batten down the hatches folks. That's a cumulative decline of 6.6% in GNP. A lot of folks will find a big change and I don't see house prices increasing much soon, cheaper mortgages notwithstanding.
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Report: Recession will continue into 2010

Davy Stockbrokers says it expects the recession to continue into 2010, with unemployment hitting a massive 12% between now and then.

In its latest economic forecast, the company says it expects GNP to shrink by 2% this year, 4.1% next year and 0.5% in 2010.

It says 2009 looks like being the worst period of the recession, with an expected rebound in export growth possibly preventing another sharp contraction in 2010.

[ziggysego]

My mate warned me about the Recession coming way back in 2001. I laughed in his face. I wish I didn't now.

[Rois]

Why, what would you have done differently back in 2001?  Just out of interest.

[ziggysego]

Why, what would you have done differently back in 2001?  Just out of interest.

Cut back on some of the whimsly things I got over the years and put my money in a box.

[Tubberman]

My mate warned me about the Recession coming way back in 2001. I laughed in his face. I wish I didn't now.

Well it was obviously going to happen at some stage - things couldn't continue the way they were going and the govt did nothing to cool things down. They actually fanned the flames. So it was going to end abruptly, and badly.

I predict today that the recession will at some time in the future come to an end and the economy will begin to recover - you may marvel at my wisdom when it happens.  

[Double Cross]

My mate warned me about the Recession coming way back in 2001. I laughed in his face. I wish I didn't now.

My mate warned me about snow in 2001, he was eventually right.

[GalwayBayBoy]

My mate warned me about the Recession coming way back in 2001. I laughed in his face. I wish I didn't now.

Sure economic commentators have been predicting a recession or at the very least a severe downturn for donkey's years. You simply can't have unfettered growth indefinitely. Inevitably there has to be a slowdown.

[ziggysego]

He got it down to the year and said for three years. 2008-2011.

[mouview]

As George Lee said in a lecture last night, economists correctly predicted 6 out of the last 2 recessions.

[Double Cross]

He got it down to the year and said for three years. 2008-2011.

The title of the thread says the recession will continue to 2010, which is it?

[ziggysego]

He got it down to the year and said for three years. 2008-2011.

The title of the thread says the recession will continue to 2010, which is it?

2011

[Hardy]

You simply can't have unfettered growth indefinitely.

Most rational people understand this. Unfortunately, that seems to exclude the government, nine out of ten Irish economists, the property industry, people who kept buying more and more property the more expensive it became, etc.

[5 Sams]

You simply can't have unfettered growth indefinitely.

Most rational people understand this. Unfortunately, that seems to exclude the government, nine out of ten Irish economists, the property industry, people who kept buying more and more property the more expensive it became, etc.

I think it's called greed Hardy.....

[Canalman]

Would be surprised to see it end that soon. Maybe the rest of the Country is doing ok but the job losses here in Dublin are staggering. Absolutely staggering.
A firm of architects for example are done to 3 partners only.......2 years ago they had a staff of 37. Not uncommon.

[Gnevin]

My mate warned me about the Recession coming way back in 2001. I laughed in his face. I wish I didn't now.

Did he say when it would happen or just it was coming?


Because snow is coming and on a long enough time line I'll be proved right.