Quote:
Originally Posted by jfman
Dun dun dun dun.
Here comes the recession.
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The was an economist on the radio today that actually talked rational sense.
He advised that in 2012 there was a lot of positive economic factors in the run up to the olympics and once the olympics finished there was an obvious deficit in those factors.
Likewise, in 2019, the country was gearing up for a March exit. Bulk buying and storing of materials and products was rife. But Brexit didn’t happen.Therefore causing a deficit in the activity the following quarter.
With BJ taking a hard line on October exit - regardless, expect to see more buying and storing activity a second contraction is unlikely but expect a contraction the quarter after regardless of whether we leave or not.